Navigating life as a student in Canada comes with plenty of expenses—tuition, books, transit, and late-night coffee runs. Fortunately, the Canada Revenue Agency (CRA) offers robust tax credits designed to put money back into student pockets.

At NepGlobal Tax & Bookkeeping Services, we help students across Canada streamline their filings to ensure they don’t leave valuable dollars on the table.

What is the T2202 Form?

Your journey to student tax savings starts with the T2202 (Tuition and Enrolment Certificate). Issued by your designated learning institution (college or university), this form outlines:

• The exact tuition fees you paid.
• The number of months you were enrolled as a full-time or part-time student.

3 Major Tax Perks Every Canadian Student Should Know:

1. The 15% Federal Tuition Tax Credit: You can claim 15% of your eligible tuition fees as a non-refundable tax credit to lower your federal tax payable.
2. Carrying Forward Unused Credits: If you are a student working a part-time job with a modest income, you might not owe any income tax. Don’t worry! You can carry forward your unused tuition credits indefinitely to use in higher-earning years after graduation.
3. Transferring Credits to a Spouse or Parent: You can transfer up to $5,000 of your current year’s federal tuition amount to a spouse, common-law partner, or a parent/grandparent.

Let NepGlobal Handle Your Student Taxes

Don’t let tax season distract you from your studies. Our affordable, stress-free student tax filing service ensures absolute CRA compliance and maximum savings.

Ready to file?Book a Free Consultation via WhatsAppor call us directly at +1 (647) 679-7696.