No. Section 118.5(1)(d) of the tuition tax credit allow for a tax credit for occupational, trade, or professional examinations. However, only the exam fees to get a professional licence are covered. University-entrance exam fees, for exams such as the MCAT or SAT, aren’t covered. See section 2.42. “Examinations taken in order to begin study in a profession or field, such as a medical college admission test, are not considered to be an occupational, trade, or professional examination.” This information was updated in April 2016. You also should check with your accountant for further clarification or the latest updates.
