{"id":103,"date":"2023-12-25T18:29:27","date_gmt":"2023-12-25T23:29:27","guid":{"rendered":"https:\/\/wordpress.dockhost.synology.me\/?p=103"},"modified":"2025-07-14T00:22:07","modified_gmt":"2025-07-14T04:22:07","slug":"tax-credits-for-students","status":"publish","type":"post","link":"https:\/\/wordpress.dockhost.synology.me\/en_ca\/tax-credits-for-students\/","title":{"rendered":"Tax Credits for Students"},"content":{"rendered":"\t\t
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Students may be eligible for tax credits or deductions even if there is no income.  Refundable tax credits are payable to the student even if there is no income, and some of the non-refundable tax credits and carry-forward tax deductions, may be accrued for use in  future years.  Students should file their tax returns even if there is no income to be eligible.<\/p>\n

Tax credits reduce the income tax payable, whereas tax deductions reduce taxable income.  Some tax credits are refundable which means they can be paid to the student even if there is no taxable income.  Some of the tax deductions may be carried-forward.  That is to say they may be incurred and reported in one tax year, but used to reduce taxable income in a future tax year.<\/p>\n

The table below provides a listing of tax credits and deductions available in 2023.<\/p>\n

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Tax Credits<\/span><\/b><\/p>\n\t<\/td>\n\t

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Tax Deductions<\/span><\/b><\/p>\n\t<\/td>\n\t<\/tr>\n\t

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Refundable<\/span><\/b><\/p>\n\t<\/td>\n\t

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Non-refundable<\/span><\/b><\/p>\n\t<\/td>\n\t

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No Carry-Forward<\/span><\/b><\/p>\n\t<\/td>\n\t

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Carry-Forward<\/span><\/b><\/p>\n\t<\/td>\n\t<\/tr>\n\t

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Canada Training Credit<\/span><\/p>\n\t<\/td>\n\t

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Basic Personal Amount<\/span><\/p>\n\t<\/td>\n\t

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Child care expenses<\/span><\/p>\n\t<\/td>\n\t

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Moving Expenses<\/span><\/p>\n\t<\/td>\n\t<\/tr>\n\t

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Child and family benefits<\/span><\/p>\n\t<\/td>\n\t

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Canada Employment Amount<\/span><\/p>\n\t<\/td>\n\t

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Ontario Jobs Training Tax Credit<\/span><\/p>\n\t<\/td>\n\t

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Interest paid on student loans<\/span><\/p>\n\t<\/td>\n\t

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Quebec Solidarity Tax Credit<\/span><\/p>\n\t<\/td>\n\t

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Tuition and carried forward education and textbook amounts<\/span><\/p>\n\t<\/td>\n\t

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<\/path><\/svg><\/span><\/path><\/svg><\/span>Eligible Tuition Fees<\/span><\/path><\/svg><\/div>

Tuition fees eligible for deduction\u00a0include<\/strong>\u00a0the following amounts:\n