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Are tuition payments tax deductible?

Under certain conditions Canadian tax law may provide tax relief for certain individuals.  Typically this relief falls under three categories:

Child Care Expense

Where a child is under 16 years of age, that portion of fees attributable to lodging at a boarding school may be eligible for a Child Care Expense Deduction under Canadian Tax Law.  

Medical Expense and Disability Tax Credits and Attendant Care Expense Deduction

The costs paid for the care, or the care and training, of a patient at a school, institution or other place may qualify as a medical expense credit providing certain criteria are met.  To learn more, read the Canadian Revenue Agency TaxFolio S1-F1-C1: Medical Expense Tax Credit  

Health & Welfare Trust

Certain individuals who own an incorporated business may benefit from utilizing a Health and Welfare Trust solution for the payment of school fees.  To learn more, read the Canadian Revenue Agency Tax Folio S2-F1-C1: Health and Welfare Trusts or read an article published by Peter Merrick entitled How to Legally Write-off Learning Disability Expenses as Business Expenses. Peter Merrick is President of Merrick Wealth Management Inc. a fee-for-service financial planning and benefit consulting firm in Toronto.  He is a graduate of Robert Land Academy (1984) and is experienced with setting up Health & Welfare Trusts.   

Disclaimer

The preceding resources are offered for informational purposes only.  Robert Land Academy does not guarantee or warranty the accuracy of the information or one's eligibility under any of these options.  We recognize that each case is unique and subject to interpretation by others, including the Canada Revenue Agency, and is judged upon its own merit.  Robert Land Academy does not receive any payment or other consideration from any of the organizations listed.   For further information, please call our Admissions Office at 905-386-6203.