TaxTips.ca
Canadian Tax and
Financial Information
Manitoba Tuition Fee Tax Rebate

Ads keep this website free for you.
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.

Looking for US tax information?
See
USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Directory.      Stay Connected with TaxTips.ca!

Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Free in 30!
Financial Planning
RRSP RRIF TFSA
Real Estate
Stocks Bonds etc.
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Directory
Advertise With Us
Contact Us/About Us
Links & Resources



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

The Manitoba 2017 Budget announced that the Tuition Fee Income Tax Rebate would be phased out commencing in 2017, and fully eliminated for the 2018 tax year, at which time no rebate credits will be claimable.  Any unclaimed rebate credits will lapse.

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, as revised by the 2017 Budget:

bullet is for 60% of eligible tuition costs incurred from January 1, 2004
bullet has a maximum per year of the lesser of:
bullet $500 for 2017 ($2,500 for 2016 and prior years)
bullet 10% of eligible tuition fees
bullet MB income tax payable
bullet has a lifetime maximum of $25,000 (60% rebate on tuition fees of $41,667)
bullet unused claims in a year can be carried forward for up to 20 years
bullet does not affect the current tuition and education amount tax credits, or bursaries and scholarships

The Tuition Fee Income Tax Rebate web page on the Government of Manitoba website seems to be no longer available.

Tuition Fee Income Tax Rebate Advance

The Manitoba 2017 Budget announced that this advance is eliminated effective for tuition and ancillary fees paid in relation to a school term that begins after April 2017.  However, the Education Amount Tax Credit will still be available.

Beginning in 2010, students resident in Manitoba and attending a post-secondary institution were able to 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 was able to claim this refundable tax credit even if the tuition and education amount is transferred to a parent or spouse.  Limits:

bullet $210 annual limit for 2010
bullet $500 annual limit in following years
bullet $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: September 19, 2017

 

Copyright © 2002 - 2017 Boat Harbour Investments Ltd. All Rights Reserved  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  Google + |  Monthly Newsletter Sign-up  Whatís New E-mail Notification RSS News Feed
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. 
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.