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Receipts for tax11/22/2023 You can find more details and tutorials on this page. Click ‘Update SIN’ under ‘Financial Aid’.Please add your Social Insurance Number in ACSIS. You can find information regarding potential penalties at Social Insurance Number guidelines The government may impose penalties up to $100 for failure to provide a SIN. Please be advised that the Income Tax Act requires a person to provide the SIN number to an organization that is required by law to file an information return. You can find more details on this reporting requirement on CRA’s website (see 2018 Federal Budget Changes Important update for all Designated Educational Institutions, Section 9 see also Important update for all designated educational institutions in Canada - Tuition and Enrolment Certificates The tuition tax credit allows you to reduce any income tax you may owe.Īlgonquin College, as the issuer of the T2202 and T4A forms, has a legal obligation to ask for and report SINs on such tax documentation. The T2202 form is an official statement for income tax purposes we must issue to students who have paid tuition and fees for qualifying courses. This was already a requirement for the T4A form, which is released to students who have received awards, including scholarships and bursaries, in the previous tax year. NOTE: T4’s are not issued to students unless they are also employees of Algonquin College.Īll post-secondary institutions are required to record each students’ SIN on the Tuition and Enrolment Certificate (T2202) form and report it to the Canada Revenue Agency (CRA). It is not necessary to include the T2202 with your income tax claim however, it will be required to validate a claim if you are audited. Receipts are only issued for qualifying programs and courses. Be sure to include your student number with your request. To obtain a copy of your Relevé-8/RL-8 Tax Receipt, send your request to Finance. Official Relevé-8/RL-8 (for Québec residents) For example: Receipts for 2022 will be released in February 2023. Your T2202 tax receipts are available online via ACSIS by the end of February, for the previous tax year. Please ensure that your SIN is updated on ACSIS to make sure you’ll receive your tax receipts on time! We are required to include your Social Insurance Number (SIN) on your tax receipt. Algonquin College is required to file your tax receipt forms (T2202) with the Canada Revenue Agency (CRA).
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