RCM Examinations secures RESP eligibility for private
I love this list. If I slip up "just a bit" someone points it out. That is how I learn The following comes from Lindsay. My original answer follows at the end. ingram. ===================== Subject: RCM Examinations secures RESP eligibility for private Studio studies Hello David, I have been on your email list for a couple of years and have much appreciated the emails. I thought I'd pass along an update with regard to private music lessons: they are now (with restrictions) RESP eligible. Here ia a quote from The Canadian Music Teacher: Funds from Registered Education Savings plans may now be used to support studies in music at the Grades 9, 10 and ARCT levels. Grades 9, 10 and ARCT are now considered 'post-secondary' studies. One must submit examination applications proving that they are "enrolled" with the Royal Conservatory of Music. RESP funds may be used toward any of the costs associated with musical studies including lesson fees, examination fees, music books and instrument costs. Sincerely, Lindsay >Hi >Is it possible to claim the tuition fee for my daughter 5yrs old, >she is taking the private piano lesson, I have the receipt only >but no T2202A slip. IF yes, how much I can claim? >Thank you very much >====================== >david ingram replies: > >Only post secondary education can be claimed as a tuition >deduction. > >Piano lessons for a 5 year old would not qualify > >sorry _________________________________________________________________ Answers to this and other similar questions can be obtained free on Air every Sunday morning. Starting this Sunday at 9:00 AM on 600AM in Vancouver, Fred Snyder of Cartier Partners and I, David Ingram will be hosting an INFOMERCIAL but LIVE talk show called "ITS YOUR MONEY" Those outside of the Lower Mainland will be able to listen on the internet at www.600AM.com <http://www.600am.com/> ======================= David Ingram's US/Canada Services US / Canada / Mexico tax, Immigration and working Visa Specialists US / Canada Real Estate Specialists 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Res (604) 980-3578 Cell (604) 657-8451 (604) 980-0321 New email to [email protected] <mailto:[email protected]> www.centa.com <http://www.centa.com/> www.david-ingram.com <http://www.david-ingram.com/> Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent and appropriately qualified legal practitioner or tax specialist in connection with personal or business affairs such as at www.centa.com <http://www.centa.com> . If you forward this message, this disclaimer must be included." Be ALERT, the world needs more "lerts"
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