Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
Principal Issues: An individual has requested information with respect to the costs of becoming a helicopter pilot.
Position: General Comments were provided
Reasons: See principal issues and position
XXXXXXXXXX 2000-004295
M. Eisner
September 21, 2000
Dear XXXXXXXXXX:
Re: Training Costs - Helicopter Pilot
This is in reply to your letter of August 18, 2000 concerning the above-noted subject.
You are employed by the XXXXXXXXXX. You are interested in taking pilot training so that you could be a commercial helicopter pilot. This training would prepare you for a position with the XXXXXXXXXX in that capacity. As the training is not mandatory, you will be requesting a paid leave of absence. The cost of the training, for which you would not be reimbursed, would range from $XXXXXXXXXX to $XXXXXXXXXX, depending on the type of aircraft used for the course.
You have asked whether there are any provisions in the Income Tax Act which would be beneficial to you in respect of the costs.
Written confirmation of the tax implications inherent in particular transactions are given by this Directorate only where the transactions are proposed and are the subject matter of an advance ruling request. However, we are prepared to provide the following comments.
Section 118.5 of the Income Tax Act (the "Act") sets out rules for the non-refundable tax credits in respect of tuition fees paid to certain educational institutions, including an institution certified by the Minister of Human Resources. Such an institution can include flying training schools and clubs. Where certain conditions are satisfied, an individual can also claim a non-refundable tax credit for an "educational amount." For further information, you can refer to the section entitled "Non-refundable tax credits" of the enclosed pamphlet "Students and Income Tax," and paragraph 29 (enclosed) of Interpretation Bulletin IT-516R2 "Tuition Tax Credit."
If you need further assistance, please contact the Client Services Division of your local Tax Services Office.
We trust that our comments are of assistance to you.
Yours truly,
John Oulton
for Director
Business and Publications Division
Income Tax Rulings Directorate
Policy and Legislation Branch
??
- 2 -
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 2000
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 2000
Email this Content