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Education Tax Credit

 

As a Federally Designated Educational Institution, Atlantic School of Reflexology provides our Canadian Students with a T2202A Authorized Certificate: Tuition, Education and Textbook Amounts (as of 2014) along with your tuition receipt, in order for you to claim your educational tax credit for your personal income tax return.

 

Tax Credit Formula:

 

Tuition Amount + (Education Amount of $120 X number of months for designated program)
+ (Textbook Amount of $20 X number of months for designated program)
= total amount of tuition credit to be used on schedule 11.

 

 

ALL ASR CERTIFICATE COURSES (above 12 hours) QUALIFY FOR THE T2202A AUTHORIZED CERTIFICATE.

 

200 and 150 hour courses: T2202A indicating 12 months of part-time study

 

  • Foot Reflexology Professional Certification

  • Hand Reflexology Professional Certification

  • Lymph Drainage Professional Certification

  • Chakra Balancing Professional Certification

Example: 200 hour Foot Reflexology Professional Certification

 

Tuition $995 = ($120 X 12 months) + ($20 X 12 months) = $995 + $1,440 + $240= $2,675

(total amount of tuition credit to be used on schedule 11)

 

75 hour courses: T2202A indicating 6 months of part-time study

 

  • Facial Reflexology Professional Certification

  • Auricular (Ear) Reflexology Professional Certification

  • Advanced Reflexology Professional Certification

  • Craniosacral Reflexology Professional Certification

  • Indian Head Massage Professional Certification


Example: 75 hour Facial Reflexology Professional Certification

 

Tuition $460 = ($120 X 6 months) + ($20 X 6 months) = $460 + $720 + $120 = $1,300 
(total amount of tuition credit to be used on schedule 11)

 

25 hour courses: T2202A indicating 2 months of part-time study

 

  • Asian Foot and Leg Reflexology Certification

  • Body Reflexology Certification Foundation

  • Maternity Reflexology Certification

 

Example: 25 hour Body Reflexology Certification

 

Tuition $195 = ($120 X 2 months) + ($20 X 2 months) = $195 + $240 + $40= $475 
(total amount of tuition credit to be used on schedule 11)

 

15 hour courses: T2202A indicating 1 month of part-time study

 

  • Aura I: Auric Perception Certification

  • Aura II: Auric Clearing Certification

  • Responsive Bodywork Techniques

  • Reiki I

  • Reiki II

  • Reiki III

 

Example: 15 hour Responsive Bodywork Techniques

 

Tuition $260 = ($120 X 1 months) + ($20 X 1 months) = $260 + $120 + $20= $400

(total amount of tuition credit to be used on schedule 11)

 

Revenue Canada, not ASR, determines the specifics of each case on the particulars of the entire income tax return; tuition credits may be carried forward to another year, or transferred, (for example, to a spouse). If used, the total amount of tuition credit is added to other non-refundable tax credits, and a percentage of the total is reduced directly off of taxes owed.

 

Need More Help?

 

 

For details, visit the following links from the Revenue Canada website:

 

Education amount

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/323/dctn-eng.html

 

Textbook amount

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/323/txtbk-eng.html

 

Completing Schedule 11

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/323/schdl-eng.html

 

Transferring and carrying forward amounts

http://www.cra-arc.gc.ca/tx/tchncl/ncmtx/fls/s1/f2/s1-f2-c1-eng.html#N10225

Determining amount of the credit

http://www.cra-arc.gc.ca/tx/tchncl/ncmtx/fls/s1/f2/s1-f2-c1-eng.html#N10263