If you are a student enrolled in a qualifying post-secondary program, you will receive a T2202. This form confirms your eligibility and allows you to claim your tuition tax credit on line 32300.
Transfer Unused Amounts
If you don't use the full amount of your tuition tax credit, you can transfer unused amounts to an eligible parent, grandparent, or spouse on line 32400.
Scholarship Exemption
If you are a full-time student in a qualifying post-secondary program, you may be eligible to have all scholarship, bursary, and fellowship income exempt from tax on line 13010.
Net Federal Supplements
If you are a senior who is receiving federal supplements for Old Age Security (OAS), you must file your tax return to continue receiving federal supplements on line 14600.
Pension Income Amount
If you have elected to split your pension income with your spouse and made a T1032 election, then you may be eligible to claim a non-refundable tax credit of up to $2,000 on line 31400.
RRSP Repayments
If you made repayments to an RRSP through the Homebuyer's Plan (HBP) or Lifelong Learners Plan (LLP), your repayments are deductible on line 20800.
SIN starts with 9
If your Social Insurance Number (SIN) starts with a 9, this indicates you are not a permanent resident. We offer a 30% discount for newcomers and international students who are not permanent residents.
T1135 Exemption
For your first year in Canada while building residential ties, you are exempt from completing the T1135 - Foreign Income Verification Statement.
90% Rule
If more than 90% of your income is from a Canadian source, your non-refundable tax credits will not be prorated or reduced.
Interest Expenses
If you are a landlord who has borrowed funds from a purchase loan or renovation loan to buy or improve a rental property, you may be eligible to claim the interest expenses on line 8710 of the T776.
Vehicle Expenses
If you are a landlord looking to claim Capital Cost Allowance (CCA) on your vehicle, it is important to understand that CCA claimed for rental operations cannot be used to create a loss.
CPP/EI Exemption
Unlike business income, income from a rental property is not subject to CPP/QPP remittance.
Federal Dividend Tax Credit
If you are an investor who has received eligible dividends from a Canadian corporation you may be entitled to claim the federal dividend tax credit on line 40425.
Royalties
If you are an investor who received royalties from an invention, trademark, patent, or copyright, the income must be reported on line 10400.
Carrying Charges
If you are an investor who paid management fees for safe custody of investments or accounting fees for maintenance of investment records, you may be entitled to claim the fees on line 22100.
Claim your Tuition Tax Credit
If you are a student enrolled in a qualifying post-secondary program, you will receive a T2202. This form confirms your eligibility and allows you to claim your tuition tax credit on line 32300.
Transfer Unused Amounts
If you don't use the full amount of your tuition tax credit, you can transfer unused amounts to an eligible parent, grandparent, or spouse on line 32400.
Scholarship Exemption
If you are a full-time student in a qualifying post-secondary program, you may be eligible to have all scholarship, bursary, and fellowship income exempt from tax on line 13010.
Net Federal Supplements
If you are a senior who is receiving federal supplements for Old Age Security (OAS), you must file your tax return to continue receiving federal supplements on line 14600.
Pension Income Amount
If you have elected to split your pension income with your spouse and made a T1032 election, then you may be eligible to claim a non-refundable tax credit of up to $2,000 on line 31400.
RRSP Repayments
If you made repayments to an RRSP through the Homebuyer's Plan (HBP) or Lifelong Learners Plan (LLP), your repayments are deductible on line 20800.
SIN starts with 9
If your Social Insurance Number (SIN) starts with a 9, this indicates you are not a permanent resident. We offer a 30% discount for newcomers and international students who are not permanent residents.
T1135 Exemption
For your first year in Canada while building residential ties, you are exempt from completing the T1135 - Foreign Income Verification Statement.
90% Rule
If more than 90% of your income is from a Canadian source, your non-refundable tax credits will not be prorated or reduced.
Interest Expenses
If you are a landlord who has borrowed funds from a purchase loan or renovation loan to buy or improve a rental property, you may be eligible to claim the interest expenses on line 8710 of the T776.
Vehicle Expenses
If you are a landlord looking to claim Capital Cost Allowance (CCA) on your vehicle, it is important to understand that CCA claimed for rental operations cannot be used to create a loss.
CPP/EI Exemption
Unlike business income, income from a rental property is not subject to CPP/QPP remittance.
Federal Dividend Tax Credit
If you are an investor who has received eligible dividends from a Canadian corporation you may be entitled to claim the federal dividend tax credit on line 40425.
Royalties
If you are an investor who received royalties from an invention, trademark, patent, or copyright, the income must be reported on line 10400.
Carrying Charges
If you are an investor who paid management fees for safe custody of investments or accounting fees for maintenance of investment records, you may be entitled to claim the fees on line 22100.
