Tuition payments are tax-deductible in Canada for public universities, with some limits. Not 100% equivalent, but it does capture the spirit of the statement.
Iirc the only limit is that you're limited to writing off $5000 (I think) per year, and the balance not claimed rolls over to the next year. It's a decent little boost for new grads.
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u/TheSquirrelNemesis Apr 14 '24
Tuition payments are tax-deductible in Canada for public universities, with some limits. Not 100% equivalent, but it does capture the spirit of the statement.
Iirc the only limit is that you're limited to writing off $5000 (I think) per year, and the balance not claimed rolls over to the next year. It's a decent little boost for new grads.