Sentenashi Karate School is an educational institution in Canada that is certified by the Minister of Human Resources and Skills Development Canada. We can provide our students who are at least sixteen years of age on December 31 of the taxation year a Form T2202A – Tuition, Education and Textbook Amount. The tax credits for tuition, education amounts and textbooks are non-refundable tax credits. There is a Federal tax credit as well as a provincial or territorial tax credit for tuition, education and textbook amounts. For this reason, to claim these amounts, or to transfer them to another person, you must complete both the Federal Schedule 11 of your tax return, and the provincial S(11) schedule.
The eligible tuition fees include monthly tuition fees, membership fees and grading fees. Monthly fees will be automatically issued to the qualifying student. (Student membership fees and grading fees must be calculated and submitted to the office by the end of January if you would like it included in the tuition fees.) Tuition fees do not include any cost for gees and weapons. Taxpayers may claim tuition fees on their tax return only if they are over $100. Students who wish to transfer some or all of their unused tuition, education and textbook amounts must be aware of the restrictions involved, both as to whom transfers can be made, and as to the amount that can be transferred. Eligible students can also claim the Education and Tax amount.