Hello Friends,
If I attend college during the year and pay tuition to the college and after the year end, the college sends me the T2202. When I am filing my taxes, am I allowed to claim the entire amount on this T2202 as a deduction from my income, and thus get a tax benefit as a result. I am not sure how this works, and appreciate if someone could clarify this for me.
Thanks,
Newbie
If I attend college during the year and pay tuition to the college and after the year end, the college sends me the T2202. When I am filing my taxes, am I allowed to claim the entire amount on this T2202 as a deduction from my income, and thus get a tax benefit as a result. I am not sure how this works, and appreciate if someone could clarify this for me.
Thanks,
Newbie