Parents with kids in post-secondary schools often get a case of
sticker shock around this time of the year. Luckily, there is some
tax relief at hand with various deductions and credits available
for students. I looked at a few of these last time, including the
tuition and education credits. Here are a few
more tax-saving ideas for parents with a case of tuition shock.
Studying abroad
Prior to 2011, Canadian students in full-time attendance at a
university outside of Canada were eligible for the Tuition Tax
Credit, the Education Tax Credit, and the Textbook Tax Credit, as
long as they were enrolled in a course lasting at least 13
consecutive weeks and leading to a degree. Similarly, a Canadian
student can currently receive Educational Assistance Payments
(EAPs) from a Registered Education Savings Plan for enrolment at an
educational institution outside Canada that provides courses at a
post-secondary school level, provided the student is enrolled in a
course of not
