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Do I have to file my T2202A since it only brings my tax refund down?
When I put my T2202A, my tax refund goes from 500 to 100. Do I have to file/claim it at all?
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posted
October 30, 2019
10:52 PM
last updated
October 30, 2019
10:52 PM
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Do I have to file my T2202A since it only brings my tax refund down?
Yes. Tuition must be claimed.
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.
October 30, 2019
10:52 PM