| If you are an eligible student for the tuition, | | | | into tax return. I am not sure whether it was just |
| education, and textbook tax credits, this article is | | | | overlooked or the independent tax specialist did |
| for you. Eligible students should be cautious filing | | | | not know what to do with this slip. If it can |
| their tax returns. If you are an eligible student in | | | | happen to her, it can happen to anyone. |
| Canada, you educational institute will issue you a | | | | Now, you are going to ask - How to avoid making |
| tax slip called Tuition and Education Amounts | | | | these simple mistakes? Follow these simple tips |
| Certificate. Depending on your institution and | | | | below: |
| course of study, this tax slip can be called T2202, | | | | - Ask your tax preparer to give you a print out |
| T2202A, TL11A or TL11C. You need to input this | | | | of your tax return. |
| tax slip into your tax return to get the tax credit. | | | | - Check to make sure on Line 323 you have an |
| Going to a college or university could cost you a | | | | entry stating tuition, education, and textbook |
| fortune and so could not inputting this tax slip's | | | | amounts. |
| information into your return. Simple tax mistakes | | | | - If you get a Tax Return Summary page, make |
| can cost you hundreds or thousands of dollars | | | | sure it shows your unused tuition, education, and |
| every year. | | | | textbook amounts. Most tax software programs |
| Recently, one of my relatives asked me to | | | | print a tax summary page. |
| review her 2006 tax return. It was filed by an | | | | - Monitor your letter of assessment every year |
| independent tax specialist. To my surprise, I found | | | | to make sure your tax credits are properly |
| out that her education tax slip was not entered | | | | carried forward. |