Published on April 18, 2008
in Business.
The Nova Scotia Graduate Tax Credit is available to anyone living and working in Nova Scotia who graduated from an eligible post-secondary program on or after January 1, 2006. This credit could reduce your Nova Scotia income taxes by $1,000 in 2006 and 2007 and by $2,000 in 2008 and later years.
To be eligible, you must:
- be a graduate of an eligible program from an approved institution on or after January 1, 2006; this includes eligible post-secondary programs outside Nova Scotia
- be a resident of Nova Scotia and file a 2006 or later Tax return
- claim the credit on your tax return. Provincial certificates are no longer required to claim the credit.
- claim this credit in the year you graduate; any unused portion may be claimed in the following two years
- claim this credit only once
NEW - You no longer need to apply for a Graduate Tax Credit Certificate.
Just claim the credit on your 2007 or later tax return.
- you need to attach your diploma to your 2007 (or later) tax return (paper version). If you are filing electronically, keep all of your documents in case the Canada Revenue Agency asks to see them
- you can claim this credit only once, even if you graduate from more than one post-secondary eligible program
- claim this credit in the year you graduate; any unused amount may be claimed in the following two years
Have more questions? Check out the website for lots of helpful tips!
Provincial and Territorial Student Financial Assistance Offices
- Nova Scotia
Student Assistance Office
Tel.: 902-424-8420
Toll-free: 1-800-565-8420 (within Canada)
TTY: 902-424-2058
www.studentloans.ednet.ns.ca
- New Brunswick
Student Financial Services
Tel.: 506-453-2577 (Fredricton area)
Toll-free: 1-800-667-5626
www.studentaid.gnb.ca
- *Quebec
Aide financière aux études (AFE) reception and enquiries desk
Tel.: 418-643-3750
Toll-free: 1-877-643-3750 (within Canada/US)
www.afe.gouv.qc.ca/en/index.asp
- Ontario
Student Support Branch
Tel.: 807-343-7260 (Ontario students attending a post-secondary institution outside Ontario)
Students attending a post-secondary institution in Ontario must contact the financial aid office at their post-secondary institution for assistance.
Tel.: 1-866-330-3331 (automated telephone voice response system for status of application; available only in Canada)
TDD/TTY: 1-800-465-3958
http://osap.gov.on.ca
- Manitoba
Student Aid Branch
Tel.: 204-945-6321
Tel.: 204-945-2313 (outside Manitoba)
Toll-free: 1-800-204-1685 (within Manitoba)
TTY: 1-866-209-0696 (within North America)
www.studentaid.gov.mb.ca
- Saskatchewan
Student Financial Assistance Branch
Tel.: 306-787-5620 (Regina area and outside Canada)
Toll-free: 1-800-597-8278
www.student-loans.sk.ca
- British Columbia
Student Aid BC
Tel.: 250-387-6100 (Victoria area)
Tel.: 604-660-2610 (Lower Mainland)
Toll-free: 1-800-561-1818 (anywhere else in Canada/US)
TTY: 250-952-6832
www.studentaidbc.ca
- *Northwest Territories
Student Financial Assistance
Tel.: 867-873-7190
Toll-free: 1-800-661-0793
www.nwtsfa.gov.nt.ca
- *Nunavut
Student Assistance Office
Toll-free: 1-877-860-0680 (can be used locally)
Tel.: 867-473-2600 (Baffin)
Toll-free: 1-800-567-1514 (Baffin)
Tel.: 867-645-5040 (Kivalliq)
Toll-free 1-800-953-8516 (Kivalliq)
Tel.: 867-983-4031 (Kitikmeot)
Toll-free: 1-800-661-0845 (Kitikmeot)
www.gov.nu.ca/education/eng
* Nunavut, the Northwest Territories and the province of Quebec operate their own student assistance plans. If you are a resident of Nunavut, the Northwest Territories or Quebec, contact the provincial or territorial student assistance office for further information.
Student Loan Contact Information –>