Canada Revenue Agency

Canada Revenue Agency

August 27, 2013 15:15 ET

Harper Government Providing Canadian Families With Back-to-School Tax Relief

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 27, 2013) - The Honourable Candice Bergen, Minister of State for Social Development, today reminded students returning to school to take full advantage of the important financial relief available to them. In 2012, students and their families claimed more than $11 billion in financial assistance.

"Our Government is committed to keeping taxes low for hardworking families and we are pleased offer tax breaks to students as they prepare to go back to school," said Minister Bergen. "We are investing in Canadian students who study hard to ensure they can find good jobs upon graduation and contribute to Canada's long-term prosperity."

Several programs offer tax relief to students who enrol in post-secondary education:

  • Students can claim tuition fees paid to a university, college, or other educational institution in Canada for courses taken at the post-secondary level. Tuition fees paid for courses certified by Employment and Social Development Canada to develop or improve skills in an occupation also qualifies.

  • Students can claim an education amount of $400 for each whole or part month in the year in which they are enrolled full-time in a qualifying educational program, or $120 per month for part-time enrolment in a specified educational program, at a designated educational institution.

  • Students can claim a textbook amount of $65 for each month where they qualify for the full-time education amount or $20 for each part-time month.

"Post-secondary education is important to Canada's economy as today's students are our country's future workers and leaders. Our Government is steadfast in our commitment to students and I encourage them to take advantage of the important tax measures we offer as financial relief," said Minister Bergen.

In addition to these tax credits mentioned above, students may be eligible for the goods and services tax/harmonized sales tax (GST/HST) credit - a tax-free quarterly payment that helps individuals and families with low or modest incomes offset all or part of the GST or HST that they pay. They may also claim a deduction for their moving expenses if they moved to study as a full-time student enrolled in a post-secondary program at a university, a college, or another educational institution.

Students may be able to claim amounts for interest paid on their student loans and they may also be eligible to claim the public transit tax credit for the cost of their public transit passes for travel within Canada on public transit.

For more information on tax credits and benefits for students, and other information specifically for students, go to www.cra.gc.ca/students on the Canada Revenue Agency's (CRA) Web site.

The CRA encourages Canadians to take advantage of its safe, secure, and convenient electronic services to file their returns. In most cases, with direct deposit, individuals can receive their refund in as little as eight business days, compared to four to six weeks for a paper return.

FOR BROADCAST USE:

The Honourable Candice Bergen, Minister of State for Social Development, today reminded students returning to school to take full advantage of the important financial relief available to them. In 2012, students and their families claimed more than $11 billion in financial assistance.

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Contact Information

  • Noel Carisse
    Media Relations
    Canada Revenue Agency
    613-952-9184

    Carter Mann
    Press Secretary
    Office of the Minister of National Revenue
    613-995-2960