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euealb
New Member

Can tuition fees decrease the tax refund you would get?

After I added t2202a info, the tax refund decreased.
1 Best answer

Accepted Solutions

Can tuition fees decrease the tax refund you would get?

Yes. It's actually quite common.

What's happening is that your income was low enough that you were assigned the Working Income Tax Benefit. Since students are excluded from this benefit, your tuition slip entry removed the benefit as it should.

It can be tempting to remove your tuition to receive that extra benefit but it's not a good idea. CRA's matching program will eventually discover the missing tuition slip and you'll be required to repay the benefit plus interest. It's just not worth it.

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9 Replies

Can tuition fees decrease the tax refund you would get?

Yes. It's actually quite common.

What's happening is that your income was low enough that you were assigned the Working Income Tax Benefit. Since students are excluded from this benefit, your tuition slip entry removed the benefit as it should.

It can be tempting to remove your tuition to receive that extra benefit but it's not a good idea. CRA's matching program will eventually discover the missing tuition slip and you'll be required to repay the benefit plus interest. It's just not worth it.

euealb
New Member

Can tuition fees decrease the tax refund you would get?

Got it, thanks for the info. With regards to that Benefit, does it matter if I was only in school for 4 months of the year as full time?

Can tuition fees decrease the tax refund you would get?

Yes. Unfortunately the rule is anything more than 13 weeks.

Can tuition fees decrease the tax refund you would get?

I had the same question. Thanks. Very helpful.

Gpo123
New Member

Can tuition fees decrease the tax refund you would get?

What if the tuition fees are transferred to a spouse/family member?  Does that make any difference?

TurboTaxHeba
Intuit Alumni

Can tuition fees decrease the tax refund you would get?

No. If you report tuition slips it disqualify you from claiming the CWB even if you transfer or carry forward the amount.

 

Check this link for more information:

https://turbotax.intuit.ca/tips/understanding-tuition-tax-credits-6549

 

I hope this was helpful

Heba

 

Can tuition fees decrease the tax refund you would get?

Indeed, this is a common occurrence.

 

Because your income was low enough, you were assigned the Working Income Tax Benefit. However, as students are not eligible for this benefit, your tuition slip entry removed the benefit as it should.

 

You might be tempted to remove your tuition to receive that extra benefit, but it isn't a good idea. You will have to repay the benefit plus interest once the matching program discovers the missing tuition slip. So, it won't be worth it.

 

Don't hesitate to contact our phone support team for further assistance or contact us directly on Facebook or Twitter if you require further assistance.

rybo123
New Member

Can tuition fees decrease the tax refund you would get?

What if tuition was paid for by an RESP?

Can tuition fees decrease the tax refund you would get?

It doesn't matter how the tuition was paid - full time students don't qualify for the CWB (except in rare circumstances).