Human Resources and Skills Development Canada
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Human Resources and Skills Development Canada

www.hrsdc.gc.ca

Tax Relief

The Government of Canada now offers various forms of tax relief to students:

  • a 15 percent tax credit on the interest you pay on your student loans each year;
  • tax-free Registered Retirement Savings Plan withdrawals for the purposes of Lifelong Learning;
  • an education claim of $400 per month on your tax form for full-time studies;
  • a non-refundable textbook tax credit of $65 for each month you're enrolled in a course that entitles you to a full-time education tax credit; and
  • a full tax exemption for all post-secondary scholarships and bursaries. You'll still receive a T4A slip but if the scholarship or bursary relates to enrolment in a program that entitles you to the Education Tax Credit, then the amount doesn’t need to be reported on your income tax return.

The Canada Revenue Agency Student and Income Tax Brochure.

For more information, please contact the Canada Revenue Agency.

For more information on Tax Relief, please visit the 'Obtaining Repayment Assistance' section located in the 'Pay' 'Repay your Student Loan' section of www.canlearn.ca

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Date Modified:
2012-03-21