After all I could not keep the pictures coming. It does take some effort to find interesting snapshots of life - the fact that recently I've been ranting and being all nerdy busy doesn't help either.
So here's something I think might help.
For a student who's got some income for 2006, it's essential to get tax credits. In addition to the tuition credit we can claim, here's what's new for 2006:
1. Textbook tax credit. Finally, we can make use of those big ass heavy gold rocks! Students can claim $65 for each month enrolled as a full-time student, or $20 for a part-time status. It can be carried over to future years or transferred to other family members. This means I can get $65 x 4 = $260 tax credit. Better than nothing.
2. Scholarship, fellowship and bursary income will be fully exempt provided the student is enrolled in a program for which they are entitled to claim an education credit. Before we are only entitled to exempt up to $3000 if there's education credit, or $500 if there isn't. Yay.
3. Public transit credit. Do I need to say more...each Metropass can be claimed as $15 or something tax credit, accompanied with the Pass itself and an official receipt.
Darn I just lost my February receipt. =/
More $$$$$ is always good!
2 comments:
about the tax credit on books - what if you bought them second hand? How do you claim the amount on that?
nope...it's monthly credit... not even receipts are needed - from what I read at least.
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