Tuition Tax Credit

The Institute of Corporate Directors (ICD) is 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 Directors Education Program, NFP Program, Audit Committee Effectiveness, Boardroom Financial Essentials, Crown Director Effectiveness, Enterprise Risk Oversight for Directors, and HR & Compensation Committee Effectiveness are eligible for the tuition tax credit.

Those receiving the tuition 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.The tuition tax credit will apply retroactively to courses taken in 2008, and to all courses taken moving forward. The ICD issues tax receipts (Form T2202A) by the end of February to all participants who paid tuition fees for programs that took place in the previous calendar/tax year.