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Are you or do you know a student? Remember: the T2202A, the credits received from the eligible tuition and education amounts, last indefinitely. They can always be carried forward to the next tax term if you don’t feel the need to use them.
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Did you know?
If you or your child was a student in 2019, you can claim the amount of interest paid by December 31st on their student loans as long as they were received under the Canada Student Loans Act, the Canada Student Financial Assistance Act, or the Apprentice Loans Act. While only the student can claim this credit, the interest can be paid by anybody on their behalf.
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