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Jamie91
May 17, 2023
Question

tuition deduction TD1

  • May 17, 2023
  • 1 reply
  • 0 views

Hey, 

I have an employee who has a Tuition deduction on his TD1 forms. 

I am wondering how I set up the deduction in the employees TD1 section on quickbooks desktop. 
My main question, is when you set up a location in "other taxes" where does the deduction go in regards to "Tax tracking Type" the drop down menu has multiple boxes, but does not have one specifically for tuition. 

I want to make sure I put the deduction in the right spot so the CRA can properly address this come tax time. 
So, which box does tuition deduction go into? (we are located in Alberta canada)

1 reply

T
Trish_T
May 17, 2023

Hi Jamie91,

 

Thanks for reaching out here.  Welcome!  QuickBooks Desktop is a powerful program that provides everything you need to accomplish your bookkeeping goals with confidence.  In your situation, I recommend speaking with an accounting professional for their expertise and best course of action, to ensure you're recording and tracking tuition fees accurately.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.  Although, other accounting professionals may chime in on this thread, with their advice on how to accomplish your QuickBooks goals as well.  

 

If any other questions come to mind, feel free to reach out again.  We'd be glad to help!

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