The business course that you took online from NYU may be qualified for a Tuition Tax Credit instead of a Business Expense. This Non-Refundable Tax Credit is used to offset part of the expense of college or university by reducing any tax the student may have payable.
Generally, any student over the age of 16 who is enrolled in post-secondary level courses at a Designated Educational Institution in Canada can claim the tuition credit. Students continuing education after high school are typically eligible. Schools outside Canada qualify if the student is enrolled for at least 13 consecutive weeks for a course that leads to a degree at the bachelor level or higher. Universities, colleges or other educational institutions in the U.S. that offer courses at the post-secondary school level for a student living in Canada (near the border) throughout the year who commutes to school are also included.
To claim the Tuition Tax Credit, please see the following:
For more information, please see:
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