T2202A - Undergraduate Students
This is an explanation of your T2202A tax form for the 2014 calendar year (Jan. 1, 2014 to Dec. 31, 2014).
According to the Canada Revenue Agency (CRA) rules, only tuition fees and certain ancillary fees that have been assessed and paid to the University for the current calendar year can be reported. This is typically about 96 per cent of a domestic student's fee assessment. Other charges, including referenda or course material fees, interest and non-tuition charges cannot be reported on the tax form.
There are two sections of the tax form (see below); one that displays the total tuition amount (column A) and another that displays your status (full or part-time) and the number of months in which you were registered (columns B and C). Read the instructions below to understand how these figures are calculated.
Sample of data section of tax form:
part-time and full-time
Eligible tuition fees
|Number of months for|
|01 2014||04 2014|
|05 2014||08 2014|
|09 2014||12 2014|
Tuition Amounts (column A)
- For undergraduate studies, the Canada Revenue Agency (CRA) requires universities to divide the undergraduate study year into three periods (January to April, May to August and September to December) as displayed on the T2202A tax form.
- Fall/winter tuition amounts that have been assessed and paid are divided in half and reported over two taxation years; half of the fees paid for courses taken in the Fall/Winter 2013-2014 Session, the full amount of fees paid in the Summer 2014 Session and half of the fees paid for courses taken in the Fall/Winter 2014-2015 Session will be reported on the T2202A for 2014.
- For further information, see Income Tax Information Circular IT-516R2 Tuition Tax Credit (point 23) issued by the Canada Revenue Agency (CRA).
Eligible Months (columns B and C)
- Columns B and C report the number of months you were registered as a full or part-time student.
- Undergraduate students must be registered in at least 9 credits per month to be considered a full-time student. If you were registered for less than 9 credits in any month, you will be considered a part-time student for that month.
In the examples below rounded numbers have been used for simplicity. Please note that these numbers do not reflect actual York University fees.
|Example 1: A fall/winter 2013-2014 6.00 credit Faculty of Arts course
has a total reportable tuition of $1,000 provided fees have
been paid. Half of this amount ($500) minus the unreportable
ancillary fees (about 4% of the tuition fees) will be reported on
the T2202A for 2013 and the other half will be reported on the
T2202A for 2014.
Example 2: A winter term course taken from January 2014 through April 2014 falls into the Fall/Winter 2013-2014 Session. Because the Fall/Winter 2013-2014 Session falls across two calendar years, the winter term fees must be divided in half. Therefore if the fees have been paid, only half of the eligible tuition amount will be reported on this year's T2202A.
Calculating Eligible Months: In example 1, only the portion of the course that falls within the 2014 calendar year can be reported. Example 1 would result in '4' months displayed in column B for January through April 2014. Example 2 has four eligible months for the T2202A for 2014.