Comments on: In Search of Tax Deductions http://www.canajunfinances.com/2008/01/28/in-search-of-tax-deductions/ Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View Fri, 21 Nov 2008 05:43:19 +0000 http://wordpress.org/?v=2.6.3 By: Canadian Personal Finance Blog » Blog Archive » Random Thoughts http://www.canajunfinances.com/2008/01/28/in-search-of-tax-deductions/#comment-915 Canadian Personal Finance Blog » Blog Archive » Random Thoughts Fri, 01 Feb 2008 12:05:48 +0000 http://www.canajunfinances.com/2008/01/28/in-search-of-tax-deductions/#comment-915 [...] In Search of: Tax Deductions [...] [...] In Search of: Tax Deductions [...]

]]> By: Traciatim http://www.canajunfinances.com/2008/01/28/in-search-of-tax-deductions/#comment-900 Traciatim Mon, 28 Jan 2008 15:18:22 +0000 http://www.canajunfinances.com/2008/01/28/in-search-of-tax-deductions/#comment-900 If you have one spouse with a low income and one with a higher income, then you may want the lower income to enroll in a full time school. I'm not sure of all the specifics, but my spouse only made around 4 grand last year because of schooling. Since she was in school and worked at the end of the year we have childcare expenses for most of that time. This can now be transferred to the higher income earner so we will be getting a pretty fat rebate cheque. It does work to a lesser degree for part time students as well, so it may be worth while to look for courses that can be taken on down time for people with part time working spouses. You never know, it may translate in to very cheap education. If you have one spouse with a low income and one with a higher income, then you may want the lower income to enroll in a full time school. I’m not sure of all the specifics, but my spouse only made around 4 grand last year because of schooling. Since she was in school and worked at the end of the year we have childcare expenses for most of that time. This can now be transferred to the higher income earner so we will be getting a pretty fat rebate cheque.

It does work to a lesser degree for part time students as well, so it may be worth while to look for courses that can be taken on down time for people with part time working spouses. You never know, it may translate in to very cheap education.

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