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Aaron
02-23-2005, 11:03 AM
I am planning on going to grad school specifically to expand the scope of my current consulting business. Can I write off all related expenses? Tuition, cost of living at the University etc?

Thanks!

Allan Madan
01-14-2015, 09:09 AM
If your employer reimburses you for the tuition fees, you would not be able to claim the Tuition, Education, Textbook credits (T2202a) for personal tax return.
The tuition that was reimbursed would be reported as a employment income and it would appear on your T4 slip.

Please refer to links below for more information:
http://http://madanca.com/personal-tax/can-i-utilize-my-tuition-credits-on-my-personal-tax-returns-when-i-start-to-work/
http://http://madanca.com/learn/canadiantaxforum/can-i-claim-tuition-that-my-employer-partially-paid-for

Sincerely,
Madan Chartered Accountant
http://www.madanca.com

JoshuaJ
07-27-2015, 04:56 PM
No, not if the employer reimburses you.

greenegg
09-22-2015, 02:35 AM
I think you'd better go to consult a relevant sector or professionals, after all, this is a very important thing

Fredvalle
06-30-2016, 12:19 PM
No loans are a tax write-off, for anyone. Only interest paid on loans are ever allowed to be deducted. Consider yourself lucky that you only are paying about $1K a month, since many doctors have to pay 2 to 3 times that each month. Veterinarians often end up with $300K-$500K in student loans.

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lishmaliny
03-10-2021, 07:28 AM
you can still help yourself with college expenses through other deductions, such as the American Opportunity Tax Credit and the Lifetime Learning Credit. The interest deduction does not require you to itemize your taxes.

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nadiasonii
04-21-2021, 03:11 PM
No, not if the employer reimburses you.

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lishmaliny
05-08-2021, 12:50 PM
To be considered a dependent for federal student aid purposes, the child must not be an independent student. A graduate student is automatically considered an independent student

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