Fiscal and Financial Planning Guide 2024-2025
Students > Tuition tax credit
Eligible tuition fees are eligible for a 20.5% tax credit.
Let’s recall that following the saga of the Carrés Rouges during the Printemps Érable in 2012, the Quebec’s Government had quietly reduced the tuition tax credit rate from 20% to 8%.
This reduction has proven to be much more punitive than the original proposal to index tuition fees to the cost of living but has gone unnoticed.
Eligible fees
The main eligible tuition fees are those paid for post-secondary education at the following education establishment:
- University;
- CEGEP;
- College offering a Diploma of Vocational Studies (DVS).
Tuition paid for primary and secondary schools are unfortunately not deductible.
Textbooks and other supplies are also not eligible expenses for the credit.
If the child does not pay enough income tax to claim the tuition credit, the unused portion of the fee can be transferred to the parents (maximum $5,000 at the federal level) or carried forward by the student himself to a future year.
It should be noted that, regardless of who claims the fees, the tax savings will be the same at 20.5% because it is a credit.