Tax ms Tror suds”,

It's Income Tax Time a:

gain, so the‘.Cadre presents for your enjoyment and con— fusion, tax information for students from the District

Taxation Office.

RoWena

MacKinnon, Public Relations Officer, has additional booklets and Interpretation Bulletins on "Income Tax and the Student", "Moving Expenses", "Scholarships, etc.", and "Tuition Fees". She also has a packet en— titled "Teaching Taxes" V and reminds us that UPEI . is a designated educational .institute for purposes of claiming the education de— duction. Rowena can be‘, reached by phone—at 894— 5556 or Zénith'Q-4000, or by mail at the District Taxation Office, Dominion Bldg.,Charlottetown. YOu can also visit the office through the side door of the Ch'town Post OffiCe

on Richmond Street.

The questions and answers

in this section deal with : the following items of spec- ial interest to students:

TuitiOn Fees

payments to several sch- ools

receipts for fees "'

— fees allowable as deduc-

tion

, — related to student's st—

atus as a dependant

4 fees paid by employer

Education Deduction

Moving Expenses for Travel to University- '

P.S. No, you cannot claim a rebate for sales tax paid on dope deals.

.7 . . -JLF‘A.J

I realize I may not cl- aim tuition fees paid to an educational institut- ion if the fee does not exceed $25. However, last year I took several courses, each with a fee of $10 or less, but the total for the year is more than $25. May I claim these tuition fees when filing my income Atax return?

3 Provided they otherwise ‘:fﬁualify, these fees wo- ‘“ uld be deductible if

they were paid to the

same educational institv

ution. It is the total 7.of fees paid to the ed- ucational institution. that counts.

Q. What receipts or Certif- icates must I enclose \

. with my income tax form when claiming my tuition

fees? How do I calculate'

the amount of tuitiOn I

‘ :can claimz."x‘ ' . ‘ »

The educational institu~ tion you attend will pr— vide you with an offic— ial receipt or certificé ate approved for income tax purposes.

Tuition fees supported by receipts or certific— ates may be claimed for any lZémonth period beg- inning in the taxation year. If you claim fees paid for the academic year, simply attach the .certified receipt to your tax return. -If you claim fees paid for the calendar year only, her— e's what you can do:

1) The amounts paid for September - December of 1975 are usually only a part of the amount shown on the certified receipt. If so, specify this par- tial amount on your rec— eipt. ._

2) Amounts paid for last term studies (January — April of 1975) can also be claimed provided, of course, you hadn't claim— ed them on last year's return.

I am a student at alCana- dian university. How do I calculate the tuition fees allowable?' '

Tuition fees supported by the proper certific- ate may be claimed for any 12—month period beg- inning in the taxation year, which means for 1975 you could claim eie ther on the calendar

year or the academic year 1975—76.

I am a student at unive— rsity and have a part; time job which becomes a full-time job during the summer months. My earn- ings are more than $1,800 a year. I pay my own tuition fees out of my earnings and understand that only I can deduct these fees from my inc— ome for tax purposes.

If I do this, my income will be reduced to $1400. Does this mean that my father can claim me as a dependant?

Yes, if your father‘Sup- ported you during the year. However, his $646w exemption is reduced by the amount that your in— come exceeds.$1,332.

Example: \

Maximum exemption...$646 Deduct income over $1,332 ($1,400 less $1332....68 Allowable exemption..$579

In addition, a special

exemption of $50 a month is allowable for full— time trainees and stude— nts attending a wide ra—' nge of schools and post secondary institutions.

not start classes until the middle of September. May I claim the education deduction of.$50.00 a month even though I did not attend for the whole month of September?

Q. My employer sent me a ' - ~ T4 slip showing the am— A. Yes. As long as you at- ount of tuition fees he tended the institution paid on‘my behalf last for at least one day in year. Do I have to re— a mOnth, you would qual— port this on my return? ify for the $50.00 educ- ation deduction for that A. Yes, but if you attended month. a qualified educational institution, you should' Q. I am a full—time univer— be entitled to claim tui— sity student and have tion when making this obtained temporary empl— claim. A oyment some 200 miles away. I am required to Q. Last year my wife atten- pay my own travel expen- ded university for eight see to get to this tempo— months. She did not earn orary job. Can I deduct ‘any income and did not ' this expense from income receive an allowance of I earn during the summer? any kind. Does this mean _I can claim the education A. Yes. If you have been deduction on her behalf? in full—time attendance at a universitv or other A. Yes; under these circum_ posthecondary education cumstances, you would be institution in Canada, entitled to an education énd y?“ mOV? to take a deduction of $400. Job, including summer em- ployment, you may claim Q. I was a student at the moving expense deduction.

university from Septemb— en until the end of Dec— ember, a perios of four months. However, I did

This applies only to mo— ving expenses to get to the employment and not to those for your return to the university.

World YouthI-foers Chance To Participaieyin ‘World Development

To all young Canadians int—

erested in knowing about the Third World and experiencing international development in both Canada and a developing

nation:

CANADA WORLD YOUTH

is offering the opportunity of living and working for 8 months with other young Ca: 'nadians and young people from 12 African, Asian and Latin American countries.

CANADA-WORLD YOUTH is a non—'

profit organization which, for its fifth consecutive year, is offering 700 young people from Canada and 12 other countries an educatio— nal programme aimed at prom—

ure, small industry, social work, etc....

CANADA WORLD YOUTH is now accepting applications from Iyuung people between the ages of 17 and 20 to join the exchange programmes st— arting in June, September, and next-January. Informat— 7 ion documents and applicat— ion forms are available at CWY Regional Offices, at Ca- nada Manpower Centres, at schools, colleges and unive~ rsities, and at many recrea» tion centres across Canada. CANADA WORLD YOUTH is also offering young people over the age of 23 as field staff

oting an understanding of international development, while encOuraging a deeper awareness of the role and place of young people in the

‘world. During the autumn of 1975,

approximately 100 Canadian

, communities hosted groups made up of young Canadians and young_people from 12 Th- ird World countries in work sprojects, which were prepared in such a way as to expose the participants to the tec- hniques and skills involved

,. in such fieldstas agricult-l

for these programmes.

All young people in excell— ent health, and between the ages of 17 and 20 can apply. The selection process aims at obtaining a true cross- .section.of Canadian society (students and workers, urbas and rural, English-speaking and French-speaking, from all provinces and territor ies).

The Atlantic Regional Offic Canada World Youth

263 Lutz St.

‘Moncton, 8.8.