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Page 32, April 18, 1979-NorthShoreNews, a oo. a

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Prepared by The Institute of
‘Chartered Accountants of

_ Students should bear in
mind that they have an
income tax break with their
tuition fees.

" They are deductible by
one student even if someone.
else pays them.

But you should remember
these points:

*Tuition fees are deductible
only if they are paid to a
recognized educational
institution in Canada and are
more than $25; ~

.®The same applies to a |
student who regularly at-
tends a university outside
Canada in a degree course
for not less than 13 weeks, or
a student who lives in
Canada and commutes to a
school or university in the
United States. Again, | the
fees must be over $25;

eThe cost of books and other
miscellaneous expenses are
not deductible;

elf a student claims his
tuition fees as a deduction he
must file a certificate signed
by the authorities of the
institution he is attending:

_ 3 YEARS OF
SOCIAL CREDIT

Tourism made
major gains:

-the number of |
visitors to B.C.
increased by 2.2% |
annually, and
revenues reached |
arecord totalof =|
$4.1 billion
(an increase of
64°) over

the previous
3-year total).

Canadian educational
‘imstitutions provide receipts
for fees and if the student
claims deductions from _
other institutions he should

fill out Forms TLI11A,

TLIIC or FLIID. These — @ uw
cacsngee = Ma TOoursm suffered
any taxation office. ; ~

. eo...

Remember also that fees ; e
ake Soe ped of a a serious setback:
more than 12 months :
beginning in the taxation
year. The student can claim . ~
on fees paid either for a th b f
calendar year or the _ e num er 0

academic year.
® @

he lsims for visitors to B.C
calendar year he should bad °
specify the amount of the : 2 0
receipt he wishes applied for , 5
the current year and the declined by 1. i 0
balance will be carried
forward to a future year.

elf an employer pays the

seifcducee: fa revenues for the
they are deductible by the nu

student but only if the

amount paid has been in-

‘ e
ctded ithe Soden te 3-year period
come; }
wrevnmmsoe Wl totalled
fees for a child may be ; _
cligible for some child

exemption providing the ba e
deduction of those fees On
reduces the child’s net in- ®

come below the maximum
figure;

There's no restriction on
the subjects or courses the
student may take, providing i
the institution is a
recognized educational one.

FITMBSS.
INONN ?

Time for fitness
is time on Your Side.

SOCIAL CREDIT WORKS. FOR YOU.

Paid for by the Brash Columbia Social Credit Party

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