Tax Credit change for students | Miralda Ltd.

Coming into effect for the 2017 taxation year, the federal textbook tax credits will be eliminated.   This credit was $400/month for full-time students and $65/month for part-time students.  Even with this change, taxpayers will still be able to carry forward the education and textbook credit amounts from tax years prior to 2017. 

The federal tuition tax credit will not be eliminated as a result of this measure.

If you have any questions or feel that this might impact you feel free to contact us.