Tuition Tax Credit Parentguardian Claim Form

Instructions and help about Tuition Tax Credit Parentguardian Claim Form

hi everyone it's Dr Steph I'm an assistant Prof at the University of Toronto medical school where I teach financial literacy to students I'm also on Instagram and YouTube as Breaking Bad debt so today's video will teach you everything you need to know about tuition tax credits if you find it helpful Please Subscribe and leave a comment below if you have any questions the first thing you need to know about tax credits is what they are and how they differ from tax deductions a tax deduction also called a tax write-off can help bring your income down so that your tax at a lower tax bracket listed here are some common tax deductions that you can consider a common tax deduction for students might be moving expenses if you've moved over 40 kilometers away for school or for a summer job another one is child care expenses for parents who are students themselves if you're working from home for at least half the time for four consecutive weeks or more you can claim home office expenses but will