Wednesday, March 28, 2012

Tax Tip 2011 - Tuition Amount - Examination Fees

From 2011 examination fees paid to take an occupational, trade or professional examination that is required to obtain a professional status recognized by federal or provincial statute, or to be licensed or certified as a trades person, to allow the person to practice a profession or trade in Canada can be claimed as tuition amount in income tax return provided it meets the CRA requirements.
In addition to examination fees, related fees given below are also eligible (must exceed $100):
· the cost of identification card
· certain prerequisite study materials
These amendments will not apply to fees in respect of examinations taken in order to begin study in a profession or field, such as a medical college admission test.

2 comments:

Juhi said...

Now education is become costiler now days very worried about that.
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