Financing Options to Support Your Flight Training
CRA allows students to deduct some of the cost of flight training against their current and future income taxes. To qualify for the tuition tax credit, you must have received the T2202 certificate and paid at least $100 in school fees.
The T2202 tax form are issued to students on request for the previous calendar year. Please note that you are not able to claim the Private Pilot License cost on its own, unless it is with an accompanying Commercial Pilot License cost – proving that you are continuing on to the Commercial License! Please consult with your accountant for details.
