TaxTips.ca Canadian Tax and Financial Information	Manitoba Tuition Fee Tax Rebate	TaxTips.ca does not research or endorse any product or service appearing in ads on this site. Before making a major financial decision you should consult a qualified professional. Copyright © 2012
Looking for US tax information? See USTaxTips.net

Revise your listing in the TaxTips.ca Business Directory.

Need an accounting, tax or financial advisor? Look in the TaxTips.ca Business Directory.

Manitoba -> Non-Refundable Income Tax Credits -> Tuition fee income tax rebate

Manitoba tuition fee income tax rebate

Manitoba Income Tax Act s. 4.9.1

This rebate is available to Manitoba taxpayers who graduate after January 1, 2007 from an eligible post-secondary institution, and stay and work in the province. Eligible institutions are those for which the federal/provincial tuition tax credit is available, which includes Canadian and some foreign post-secondary institutions.

The tuition fee income tax rebate:

is for 60% of eligible tuition costs incurred from January 1, 2004

has a maximum per year of the lesser of:

$2,500

10% of eligible tuition fees

MB income tax payable

has a lifetime maximum of $25,000 (60% rebate on tuition fees of $41,667)

unused claims in a year can be carried forward for up to 20 years

does not affect the current tuition and education amount tax credits, or bursaries and scholarships

can be claimed for the first time when tax returns are filed for the 2007 tax year

See the Tuition Fee Income Tax Rebate web page on the Government of Manitoba website.

Tuition Fee Income Tax Rebate Advance

Beginning in 2010, students resident in Manitoba and attending a post-secondary institution can claim a Tuition Fee Income Tax Rebate Advance. This is a 5% refundable tax credit on tuition and ancillary fees paid after August 31, 2010.

The student can claim this refundable tax credit even if the tuition and education amount is transferred to a parent or spouse. Limits:

	$210 annual limit for 2010
	$500 annual limit in following years
	$5,000 lifetime limit.

Amounts claimed as an Advance will reduce the lifetime maximum of $25,000 under the Rebate following graduation.

When a student is claiming a Rebate in a given year, they are not eligible to claim the Advance.

Revised: April 17, 2012

The information on this site is not intended to be a substitute for professional advice. Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage.
See our Business Directory for tax, accounting and finance-related firms in your area.
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.