What’s New for the 2017 Tax Year

Your 2017 Tax Receipts are available for viewing/printing on ACORN. Forms will not be mailed out to students.

The Canada Revenue Agency provides two helpful publications for students:

 

Education and Textbook Tax Credits

Please note that your tax certificate has been renamed the T2202A Tuition and Enrolment Certificate. Effective January 1, 2017, the federal education and textbook credits were eliminated.

This measure did not eliminate the tuition tax credit, and does not affect the ability to carry forward unused education and textbook credit amounts from years prior to 2017.

  • If you have unused education amounts from years prior to 2017 they can be carried forward to claim on your 2017 and subsequent tax returns.
  • For tax years prior to 2017, you can claim the textbook amount if you are entitled to claim the education amount. Unused textbook amounts from years prior to 2017 can be carried forward.

Depending on your province or territory of residence (where you file your tax return), you may still be able to claim provincial or territorial education and textbook amounts in 2017. Read more.


Scholarship Exemption

Effective January 1, 2017, changes were made to the definition of a “qualifying student” to ensure that the scholarship exemption remains unaffected by the elimination of the education credit.

For 2017 and later years, to claim a scholarship exemption, you must be enrolled in an educational program in respect of which you are a qualifying student in 2017 or in 2018, or were eligible for the education amount in 2016. Read more.

 

Student Eligible for the Disability Tax Credit

Effective January 1, 2017, a part-time student in a qualifying educational program at a designated educational institution will be considered to be a full-time student for purposes of the definition of qualifying student, if one of the following situations apply to the student:

  • Is eligible for the disability tax credit for the 2017 year, or
  • Has, in the 2017 year, a mental or physical impairment and a medical practitioner has certified in writing that the effects of the impairment are such that the student cannot reasonably be expected to be enrolled as a full-time student while so impaired.

 

 


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