Fiscal and Financial Planning Guide 2024-2025
Students > Tuition tax credit
Eligible tuition fees are eligible for a 20.11% tax credit.
It should be recalled that following the red squares saga during the 2012 Maple Spring, the Quebec government quietly reduced the tuition tax credit rate from 20% to 8%.
This reduction proved more penalizing than the initially proposed measure of indexing tuition fees to the cost of living, but went unnoticed.
Eligible Fees
The main eligible tuition fees are those paid for post-secondary studies at the following educational institutions:
- University;
- CEGEP;
- College offering a Diploma of Vocational Studies (DVS).
Unfortunately, tuition fees paid for primary and secondary level studies are not deductible.
The cost of textbooks and other supplies are also not eligible expenses for the credit.
If the child does not pay enough tax to claim the tuition fee credit, the unused portion of the fees may be transferred to the parents (maximum $5,000 federally) or carried forward by the student to a future year.
It should be noted that, regardless of who claims the fees, the tax savings will be the same, i.e. 20.11%, as it is a credit.