Did you know? When applying for a student loan, grant or subsidy, you may be asked to provide a proof of income statement (option āCā print) to your financial institution or to a municipal, provincial, territorial or federal government department…. {Read more}
Tag: student loan
Back to School Tax Tip #2
Non-Refundable Tax Credits The most common post-secondary non-refundable tax credits that apply to students are interest paid on student loans, the tuition, education and textbook amounts, the public transit amount, and the Canada employment amount. Interest on Student Loans To… {Read more}
Common Deductions And Tax Credits For Students
The most common deductions that apply to students are moving expenses and child care expenses. Moving Expenses You can deduct moving expenses if you move to attend courses as a full-time student or if you moved to start a new… {Read more}
Other Tax Planning Issues
Consider some of the following tax planning strategies as part of you year end tax planning
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