Regulatory Initiative: Designated Educational Institutions to be Required to Report Prescribed Information to the Canada Revenue Agency – Forward Regulatory Plan 2018-2020

Title or working title of the regulatory initiative:

Designated Educational Institution to be Required to Report Prescribed Information to the Canada Revenue Agency

Description of the objective:

To assist in the administration of the Canada Workers Benefit following changes introduced in Budget 2018, proposed amendments to the Income Tax Regulations will require designated educational institutions in Canada to report to the Canada Revenue Agency prescribed information related to students’ enrolment. The proposed amendments will be effective for months of enrolment after 2018. The proposed amendments will also assist the Canada Revenue Agency in the administration of existing measures, such as the Lifelong Learning Plan and the exemption for scholarship, fellowship and bursary income.

Indication of business impacts:

The Small Business Lens is not expected to apply.

Public consultation opportunities:

Details on the initiative are available in Budget 2018 in the supplementary information on tax measures.

Canadians were consulted on the draft regulatory proposal as part of a consultation announced by news release on July 27, 2018. Interested parties were invited to provide comments on the proposal by September 10, 2018.

The news release for the consultation, along with the draft regulatory proposal and the explanatory notes, is available on the Finance Canada website.

Departmental contact:

Consultations and Communications Branch
Department of Finance Canada
14th floor
90 Elgin Street
Ottawa, Ontario K1A 0G5

Phone: 613-369-3710
Facsimile: 613-369-4065
TTY: 613-369-3230

For more information

To learn about upcoming or ongoing consultations on proposed federal regulations, visit the Canada Gazette and Consulting with Canadians websites.