As 2022 begins we would like to remind students that tax time is right around the corner. Please be sure to contact us on requesting your tax form. A student may be able to claim a portion of their flight training expenses providing it is their intention to become a commercial pilot. Please note the following:
- Must be 16 years old to claim before the end of the tax year.
- The CRA may deny your claim for your PPL if you have not completed your PPL license. You must also be registered and actively pursuing your commercial license.
- All training to be claimed must be supervised flights. (Instructor sign out)
- As of 2019, your social insurance number is now required for us to generate and submit the T2202 tuition form.
- Flying cost can be claimed up to the minimum licensing & rating requirements. (i.e., 45 hours for PPL & 65 hours for CPL)
- T2202 forms for 2021 training will be available by Feb. 28, 2022.
- Students are reminded that all deductions claimed are the responsibility of the person claiming the deduction on their tax return.
If you would like a form for your training or if you have any questions, please contact Gerald at 780-800-9639 ext. 5 or [email protected]
