Quote: Originally Posted by Johnnny
Why would the Liberal government remove the option for students to claim their school textbooks on next years income tax return? Whats the big deal?
So if your in Ontario now and your in a family that makes less than $50,000 is this the governments attempt to further punish people whose families make more than $50,000?
Are you talking Federal or Provincial? Either way, do you have a link to this claim as I'd be interested in finding out more about this.
“Under the new OSAP, over 210,000 Ontario students will get free tuition,”
forums.canadiancontent.net/on...hlight=tuition (external - login to view)
Okay I found it. You are talking Federal but they made other changes that may help........
Line 323 – Your tuition, education, and textbook amounts
The tuition, education, and textbook amounts allows you to reduce any income tax you may owe. Effective January 1, 2017, the federal education and textbook tax credits will be eliminated.
Line 323 ? Your tuition, education, and textbook amounts (external - login to view)
In exchange for removing tax credits on education and textbooks, post-secondary students will see a 50 per cent increase to the Canada Student Grants program.
Grants to students from low-income families will increase from $2,000 to $3,000 per year. For middle-income students, the grants will increase from $800 to $1,200. And grants for part-time students will increase from $1,200 to $1,800.
The government estimates that these changes will benefit nearly 247,000 students from low-income families, and another 100,000 from middle-income families.
Federal budget 2016: Trudeau eliminates Harper-era tax credits | Globalnews.ca (external - login to view)