Tax deductibility
The federal government has included a tuition tax credit in its 2011 budget. On Dec. 15, 2011, the budget received royal assent and became law. The tuition tax credit is expected to apply to Medical Council of Canada (MCC) examinations taken in 2011 and thereafter. In addition, certain ancillary fees, such as centre change request fees or late fees — up to a maximum total of $250 — are also eligible.
The tuition tax credit receipt will be made available for printing Feb. 1 of the year following the year in which the examination was taken (i.e. the 2011 tuition tax credit receipt will be available Feb. 1, 2012). You will be able to access the receipt by logging into your MCC-Online account. The tax receipt will appear in your account and will be available for you to print. A paper copy of the tuition tax credit receipt will not be made available by the MCC.
