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A. Anyone who lives and pays taxes in Manitoba and graduated from an eligible post-secondary institution anywhere in the world on or after January 1, 2007 is eligible for the rebate on tuition paid on or after January 1st, 2004.
A. Eligible institutions are those recognized by the Canada Revenue Agency (CRA). This includes public and private universities, colleges and other educational institutions.
A. If the school you attended is recognized by the Canada Revenue Agency (CRA), you will be eligible for the rebate.
A. You must complete the form `T1005 Manitoba Tuition Fee Income Tax Rebate' of your income tax return. See www.cra.gc.ca
A. The lifetime maximum benefit claim is $25,000.
A. No, the Tuition Fee Income Tax Rebate is non-transferable.
A. You must make your first claim within 10 years of graduating. Depending on the amount of Manitoba income tax that you owe, the benefit will be applied over the next six to twenty years.
For example:
Graduated 2007
Total tuition paid - $14,000
Maximum claimable under the Tuition Fee
Income Tax Rebate is $14,000 X 60% = $8,400
Year One
Tuition Rebate is the lesser of:
1. 10% of your tuition = $1,400
2. Annual maximum = $2,500
3. Manitoba tax payable = $600
Remaining claimable tuition is
$8,400 - $600 = $7,800
Year Two
Tuition Rebate is the lesser of:
1. 10% of tuition= $1,400
2. Annual maximum = $2,500
3. Manitoba tax payable = $2,400
Remaining claimable tuition is
$7,800 - $1,400 = $6,400
Years Three to Seven
Assuming Manitoba tax payable remains above $1,400 into the future, a tuition rebate will be available for a total of seven years.
A. You are entitled to claim a rebate for all tuition paid within a 20 year period beginning with your first claim up to the lifetime maximum benefit of $25,000.
A. You may need to provide proof of tuition paid or graduation. Documentation may include the Canada Revenue Agency slip `T2202A Tuition, Education, and Textbook Amounts Certificate', your degree, diploma or certificate.
A. If you no longer live in Manitoba, you are not entitled to receive benefits under this tuition rebate program. However, if you return to Manitoba within 10 years of graduating you are still entitled to make a claim.