Understanding Receipt Information Generation
This section discusses generating income tax receipts and donation receipts.
Income Tax Receipt Information Generation
Canada allows students who are enrolled in non-degree continuing education courses to claim income tax credits for tuition fees. For these students to take advantage of this credit, they must receive an income tax receipt from their respective university listing the following information:
GST (goods and services tax) registration number of the university.
Student ID.
Term in which the student was enrolled in the course.
Course title.
Course number.
Period (date and time) during which the course was covered.
Location (facility and room number).
Student name.
Student address.
Assessed fee.
Assessed GST, along with an indication of any tax exemptions.
Tax credit portion.
Date issued.
Payment method.
Donation Receipt Information Generation
Universities often receive donations from students and third-party organizations. When this occurs, the university is responsible to provide a receipt listing the following information:
GST registration number of the university.
Date that the university received the donation.
Date that the university issued the receipt.
Name of the student or third-party organization.
Address of the student or third-party organization.