This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Taxpayers' Ombudsman Releases His Special Report "Earning Credits"

OTTAWA, May 7, 2012 /CNW/ - Canada's Taxpayers' Ombudsman, Mr. J. Paul Dubé, today called on the Canada Revenue Agency (CRA) to determine students' eligibility for tuition tax credits according to the legislation, and not solely on its own internal procedures.

"Canadian students attending university are eligible to apply for a tax credit for their tuition costs, even if that university is outside Canada," said Mr. Dubé. "I recommend the CRA take steps to help ensure that students attending university outside Canada are treated fairly when they apply for the tuition tax credit."

The Office of the Taxpayers' Ombudsman received complaints from students at universities outside Canada who said their applications for the tuition tax credit were unfairly denied by the CRA. The Ombudsman's investigation found that the CRA does not always assess claims based on the criteria in the Income Tax Act, but instead relies on its internal lists of eligible institutions. The Ombudsman also heard that students receive inconsistent information from the CRA about these lists and how they can obtain a copy.

"The Government of Canada offers this tax credit to encourage young Canadians to seek post-secondary education," said Mr. Dube. "Canadian students who choose to study abroad should be entitled to the same level of service and fairness from the CRA."

To view the report or obtain further information on the Office of the Taxpayers' Ombudsman, visit

SOURCE Office of the Taxpayers' Ombudsman
Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs