Ontario Students & Education Credits – Detailed Guide 2025

Ontario offers a variety of tax credits, deductions, and supports for students and their families. Whether you are pursuing post-secondary education, paying off student loans, or claiming scholarships, understanding these credits can help you maximize your tax refund and reduce education costs.

Ontario & Federal Tuition Tax Credits

As of 2017, Ontario no longer offers a provincial tuition tax credit. However, students can still claim the federal tuition tax credit for eligible post-secondary tuition fees paid to recognized institutions. The credit is non-refundable and reduces federal income tax.

Claim tuition credits using the T2202 tax receipt from your school. For more, see our Tuition & Education Credits guide.

Legacy Education & Textbook Credits (Pre-2017)

Ontario's provincial education and textbook credits were eliminated after 2016, but you can still carry forward any unused amounts from prior years if you attended school before 2017. These can be claimed on your current return until used up.

OSAP, Scholarships, Grants & Bursaries

Scholarships and bursaries are usually tax-free if you are eligible for the education amount (full-time, qualifying program). OSAP grants are also non-taxable. However, any portion of a scholarship/bursary exceeding your tuition/fees may be taxable in some situations.

Student Loan Interest Tax Credit

You can claim a non-refundable credit for interest paid on government student loans (federal and provincial). The credit is 15% federally, and you can carry forward unused interest for up to 5 years.

Transferring & Carrying Forward Credits

Students can transfer up to $5,000 of the current year's federal tuition amount to a parent, grandparent, spouse, or common-law partner. Any unused amount after reducing your own tax can be carried forward indefinitely.

Tax Tips for Ontario Students & Parents

← Ontario Individual Tax Breaks Directory


Explore More Ontario & National Education Credits