Could we add a tuition transfer signature document to TC? It wouldn’t have to be a flow through thing, though that would be great.
Just a fill in the blank document in TC that could be sent to TF for signature or printed.
3 Answers
3I think it’s required that the original T2202A form needs to be signed by the student, so any additional form generated by TaxCycle and signed by a client wouldn’t be much use unless it’s just for your own records.
For all the transfers I do, the students are also clients. So having the form right in TC to fill in and print would save me time. Especially when they are away at University and signing on TF.
Right now, I open a blank transfer pdf in Firefox, fill it in, save it, upload to TF separately, and add signature/date fields. I do a bunch of them.
I’m just talking about the back part the student has to sign. They usually don’t have an actual slip themselves. They send me a pdf downloaded from the school or I get it from AFR. That won’t have transfer information. So I’m filling in the part on the back and going through this process so I can get a signature authorizing the transfer. The few transfers I do where the student isn’t also a client, I make the parents bring me a signed copy before I’ll do it.
I’ve always had the student sign it to demonstrate that they were aware of the transfer. Is that not one of the documents I have to have a signature authorizing if I do it? That’s what I was told years ago when I started doing this. I have to have the signature on file to do the transfer at all, same with pension splits.
This would be a big loss of future benefit for the student if their parents were just doing it without their knowledge was the logic I was given.
As to the other question, yes, I keep an organized copy of everything I do. For example, I scan the slip summary and all the slips included as one scan. I have a copy and the client takes home the paper copy. I do this for everything. When CRA does a review of medical for example, it’s ready to go. I just upload it.
It’s come in really handy when weird things arise later. I know exactly what they walked out the door with, what I had at the time, and the scan has date stamped it.
Whether PDF or paper, it's still an official or "actual" slip. So, you're saying they send you the PDF (hopefully password protected if sent by email), and you send it back to them using TaxFolder to get a signature? Yikes! Too much extra work for me, and very little value in it. Might have been a policy at the firm you were working at, but no - you don’t need to keep a signed copy. The only document CRA requires you to get signed is the T183. That said, signed documents are always useful if the client disputes your work and/or takes you to court.
– Nezzer
I must be missing something. I don’t understand why you’re doing this in the first place. Are you storing copies of all your clients’ slips on your own file server, just in case a client wants/needs a copy at some point in the future and has lost their own? And you want the signed copy of the T2202A so that your collection is complete? Personally I don’t keep any client slips. If a client is using the tuition transfer from their child, I tell them to ensure their child gives them a signed copy in case CRA ever asks for it. But, it is very rare that CRA ever does.
– NezzerEven if you're doing that, I don't understand why you'd need to generate anything FROM TaxCycle for the child to sign. The student WILL HAVE their own copy of that T2202A slip, which they can sign. Typically the student must log in to their account on the institution website to GET a copy of the T2202A, so unless you have every one of those students' personal credentials (which would be a violation of the institution's security policy), YOU won't have the T2202A slip unless the student gives it TO you. Right?
– Nezzer