
Banking Account Details
E-Transfer Email: [email protected]
Beneficiary Bank:
SWIFT BIC: CUCXCATTVAN, Routing #: 080912010
Central 1 Credit Union
1441 Creekside Drive
Vancouver, BC, Canada V6J 4S7
Beneficiary:
Account No. 828-62242-384990
Account Name: St. Thomas Flight Centre Ltd.
Address: 44989 Talbot Line, St Thomas, ON, Canada, N5P 3S7
Financial
- We are OSAP approved
- Our Flight Centre is registered with Human Resources and Skills Development Canada Our institution qualifies for the use of RESPs.
- Our self-paced programs qualify for HRDC funding through training programs for unemployed individuals. Information is located on the HRDC site.
Income Tax Deductions
CRA (Canadian Revenue Agency) allows students to deduct some of the cost of flight training against their current and future income taxes. The following is our high level over view. For the full details go here.
The T2202 tax form are issued to students on request via email for the previous calendar tuition costs if enrolled in the Professional Pilot Course and/or Commercial Flight Training.
The following are the maximum hours the CRA will allow credit toward the income tax deduction.
Private License 45 hours, dual or solo:
Note: you are not able to claim the PPL on its own, unless it is with an accompanying CPL cost – proving that you are continuing on to the Commercial License! If you only have Private License costs for a calendar year, they may not accept your claim. If this is the case, still complete the tax form for the year and keep it somewhere safe – you can submit it along with the next form the following year, once you have some commercial training costs, essentially ‘back-dating’ your tax claim.
Commercial License 35 dual hours and 30 solo hours
Other Ratings (Multi, Instrument, Instructor): Transport Canada minimum training requirements may be claimed
You CAN inlude cost for ground School and written exam fees.
You CANNOT include cost for owner aircraft, lodging/meals, textbooks and flying hours above the maximum allowed to be claimed.
The CRA defines a qualifying student as: An individual must spend not less than 12 hours in the month on courses in the program. Ground school, flight training and ground briefings will all count towards the 12 hour minimum.