Is the Apprentiship Board paying for your School?                         You Still qualify!

 

Under the Many Apprentiship programs out there, most Tradespeople find themselves in a position where they do not directly pay for thier school. But they do!

When they go to take thier levels, they not only recieve EI while in school, but at tax time they will recieve a second T4E from the province or other party for the cost of support measures. or in english, Tuition and other school fee's.

As these students are required to include the cost of thier education as taxable income they have to pay tax on the cost of school, so therefore in the governments eyes, they are in fact paying for it as a taxable benefit.

So as they pay for school they are fully entitles to the 1, 2, 3 of claiming tuition.

Most educational institutes DO NOT mail out the T2202A Tax Forms, so make sure you log in to your school website and print them out!

Is the Apprentiship Board paying for your School?                         You Still qualify!

 

Under the Many Apprentiship programs out there, most Tradespeople find themselves in a position where they do not directly pay for thier school. But they do!

When they go to take thier levels, they not only recieve EI while in school, but at tax time they will recieve a second T4E from the province or other party for the cost of support measures. or in english, Tuition and other school fee's.

As these students are required to include the cost of thier education as taxable income they have to pay tax on the cost of school, so therefore in the governments eyes, they are in fact paying for it as a taxable benefit.

So as they pay for school they are fully entitles to the 1, 2, 3 of claiming tuition.

Most educational institutes DO NOT mail out the T2202A Tax Forms, so make sure you log in to your school website and print them out!

Well, That Covers the basics. As you can see it gets Complicated, so let us do the worrying for you and book an appointment with one ouf our

Qualified Tax Professionals today!!!

In order to ensure our accuracy, and make sure you pay the least amount possable we ask that all clients complete our registration forms. New This year are 3 seperate forms, one for New Clients, One for returning Clients and ones for Deceased Clients. Additional Forms may be required based on you answers and Tax Situation

 

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