Tuition tax credit

Eligible post-secondary tuition creates a federal credit at the lowest rate, which is 14% for 2026. Your school provides Form T2202.

Using the amount

Your tuition first reduces your own tax. You can then:

• Transfer up to $5,000 of the current year's amount to a spouse, parent or grandparent
• Carry forward what remains for your own future use

Amounts carried forward cannot be transferred to someone else later.

Students can also claim interest on qualifying government student loans, and unused interest can carry forward 5 years. Eligible workers may be able to use the Canada Training Credit.