Income Taxes and Music Tuition

Children's Arts and Cultural Activity Tax Credit

"This Manitoba Children's Arts and Cultural Activity Tax Credit provides parents of children under 16 with a non-refundable benefit of up to $54 for children's participation in eligible non-fitness activities.  The cost of up to $500 of eligible expenses per child may be claimed for participation in eligible non-fitness activities, including artistic, cultural, recreational or developmental activities.  An additional $54 credit for children with a disability under the age 18, may be available if at least $100 is spent on eligible activities, increasing the maximum credit to $108."

Full details can be found here: https://www.gov.mb.ca/finance/personal/pcredits.html#cultural

Post-Secondary Level of Study

Prep Studies is not authorized to issue T2202A forms to students.  We can provide a signed statement confirming that you studied at the post-secondary level for you to submit with your tuition receipt, however, these statements must be requested each year. Please contact us at 474-9797 or prepmusic@umanitoba.ca to make your request.

In order to receive the signed statement, students must submit documentation to Prep Studies confirming they have completed the RCM or Conservatory Canada Grade 8 Certificate and are now pursuing practical and/or theoretical studies beyond that level. The total fees in the calendar year for advanced study must amount to more than $100.

All decisions are administered by the Canada Revenue Agency and any questions should be directed to CRA. Having a receipt and signed statement does not guarantee a tax credit will be granted for post-secondary study.

 

 


All tax decisions are administered by the Canada Customs and Revenue Agency and any questions should be directed to them by visiting www.cra-arc.gc.ca or by calling 1-800-959-8281. 

For detailed information regarding tuition tax credits, please visit the Canada Customs and Revenue Agency website, and refer to Income Tax Interpretation Bulletin IT-516R2.