Currently, the full-time student education amount is $400 per month of enrolment and the part-time amount is $120 per month of enrolment.
The student can claim a textbook amount of $65 per month enrolled if eligible to claim the full-time education tax credit, and $20 per month if eligible to claim the part-time education tax credit.
The maximum education and textbook tax credits are calculated by multiplying the lowest personal income tax rate (15% in 2016) by the total of the education and textbook amounts. This means that the maximum tax credit that a student enrolled full-time for 8 months in the year may earn is $558 (that is, $465 x 8 months x 15%).
Currently, the full-time student education amount is $400 per month of enrolment and the part-time amount is $120 per month of enrolment.
The student can claim a textbook amount of $65 per month enrolled if eligible to claim the full-time education tax credit, and $20 per month if eligible to claim the part-time education tax credit.
The maximum education and textbook tax credits are calculated by multiplying the lowest personal income tax rate (15% in 2016) by the total of the education and textbook amounts. This means that the maximum tax credit that a student enrolled full-time for 8 months in the year may earn is $558 (that is, $465 x 8 months x 15%).
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