Tuition Tax Credit
The Institute of Corporate Directors (ICD) is very pleased to
announce that it has recently been certified as a private educational
institution by Human Resources and Social Development Canada for the
purpose of entitling the ICD to provide tuition tax receipts to
participants enrolled in our formal education courses as set out in
Sections 118.5 and 118.6 of the Income Tax Act.
Tuition fees paid by individual tax filers for the Director's
Education Program, Governance Essentials Program for Directors of
Not-For-Profit Organizations and Boardroom
Financial Essentials course are now eligible for the tuition
tax credit. Please note that the tuition tax credit does not apply to
ICD Endorsed Programs.
The tax credit will apply retroactively to courses taken in 2008, and
to all courses taken moving forward. The ICD will be issuing tax
receipts (Form T2202A) in early March to all participants who paid
tuition fees for programs that took place in the 2008 calendar year.
Those receiving the tax credit should refer to the Canada Revenue
Agency Web site at www.cra-arc.gc.ca for information on how to utilize
this tax credit when completing your tax return.
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“As a businesswoman, board director, community activist, and
advocate, participating in the Institute of Corporate Directors
Not-For-Profit Governance Essentials Program (NFP) was of immense value
and relevance.
The timing was excellent and the content was fresh and interesting.
The price was right and the instructors were diverse and
informative. I found it valuable for my professional, community and
personal life.
As a board member and chair of a number of organizations, I was able
to immediately apply the learning from this program in my work. I would
highly recommend the NFP Governance Essentials Program to both executive
directors and board members of NFP organizations.”
- Isabel Metcalfe, Public Affairs Counsel
Chair, Enbridge Famous 5 Ottawa
Committee Member, Board of Directors, the Ontario Trillium
Foundation
Click here to find out when the next NFP course is
starting near you.
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