Education Amount - British Columbia
Effective January 1, 2019, the provincial
education and textbook tax credits are eliminated. The unused
amounts of education and textbook credit, carried over from years
prior to 2019, will remain usable for the following years.
Also, since January 1, 2019, an eligible student is an
individual over the age of 16 before the end of the year who is
enrolled in a university, college or other post-secondary
institution.
To be eligible, the fees you paid to attend each educational
institution must exceed $100.
Tuition fees must be recorded in the student's file.
Please follow the steps below:
1. In the "Left-side menu of the Interview tab", select
"Interview setup".
2. On the "Interview setup" page, go to the
"Student" group, check the "Education, studies, student
loans" box as well as any other groups necessary to complete
your tax return and click "Next" at the bottom of the
page.
3. Return to the "Left-side menu on the Interview tab"
and select the "Tuition, education, student loans"
section.
4. On the screen to your right, click on
the plus sign "+" icon
located to the right of the line "T2202 Tuition and enrolment
certificate (TL11A and TL11S) (line 32300)".
5. On the page that appears, in the "Current year tuition
amount" section, go to the line "T2202 Eligible tuition fees
paid to Canadian educational institutions for 2019 (enter the
description in the first field and the amount in the $ field)".
If you have attended more than one establishment, click on
the plus sign "+" on
your right and a new field will be added.
6. Also, enter the number of months of full-time or
part-time post-secondary education, if applicable, based
on the information on your T2202 slip. In addition, this
information will be recorded on Schedule BC(S11).
The program will generate British Columbia's Schedule
BC(S11) to determine the tuition amount and will carry the
credit to line 58560 of Form BC 428.
Remember that due to CRA rules, you must first claim the amounts
on your own federal and provincial returns to reduce the tax
payable.
Please note that you can carry the excess over to a future year
or transfer it to a parent or grandparent.
To do this, in the section "Transfer of current year unused
amounts", go to the line "Portion to transfer provincial
(maximum $5,000)" and in the field to your right choose the
appropriate option.
ID: 20200214105016DE.xml
Webpage: KPA380-20200214105016DE.htm
