SHAMELESS: The hidden private school tax haven for the rich

Click here or on the pdf file to learn more or read an excerpt below.

 

That’s because to Revenue Canada, lunch, recess and after-school activities at elite private schools aren’t education, they’re day-care. The CRA grants over $3600 in annual child-care deductions against the tuition cost of every student at St. George’s, until the age of 16.

Here’s the Saint George’s letter from 2015, showing the calculation of tax deduction on their $20,000 plus tuition:

St. George’s isn’t unique. All parents of private school students in B.C. — in fact across Canada — can claim a child-care deduction for a portion of their private school tuition. We’re talking tens of thousands of elite private school kids getting a free lunch on the public dime.

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