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Affording RLA: Are Tuition Payments Tax Deductible?

A FREQUENTLY ASKED QUESTIONAre tuition payments to Robert Land Academy tax deductible?

If your son is under the age of 16 and/or is diagnosed with a disability (ADD, ADHD, ODD, Learning Disabled, or some other disability), you may qualify for tax relief for tuition payments paid to Robert Land Academy under Canada’s:

  • Medical Expense Tax Credit
  • Disability Tax Credit
  • Child Care Expense Deduction, or
  • Through the creation of a Health & Welfare Trust (for business owners)

For further information on this topic, watch our four-part pre-recorded information webinar hosted by financial planner Peter Merrick, President of Merick Wealth.

Webinar Video: Part 1 of 4 (11:02)
In part 1 of this webinar, Peter Merrick provides valuable insight aroung affording tuition at a private school and what the “real cost” is in terms of before-tax earnings.  He provides important background information about Canadian tax law and explains the Child Care Expense Deduction (CCED).

WATCH PART 1

Webinar Video: Part 2 of 4 (14:15)
In part 2, the topics of Medical Expense Tax Credits (METC) and Health and Welfare Trusts (HWT) are discussed

WATCH PART 2

Webinar Video: Part 3 of 4 (12:56)
In part 3 the topics of the Disability Tax Credits (<?xml:namespace prefix = st1 /?>DTC), Registered Disability Savings Plans (RDSP), Ontario Disability Special Payments (ODSP), and Registered Education Savings Plans (RESP) are discussed.

WATCH PART 3

Webinar Video: Part 4 of 4 (12:49)
In part 4 of this webinar, Peter Merrick provides a summary of the entire webinar and answers questions submitted by webinar participants.

WATCH PART 4

 

FURTHER INFORMATION:  For further information on this topic, including links to relevant Canada Revenue Agency interpretation bulletins, click the followig link:  INFORMATION

CONATCT ROBERT LAND ACADEMY: For further information about Robert Land Academy, to attend one of our parent information sessions, or to schedule an enrolment interview, call 905-386-6203 or Contact RLA