Student reviewing document with an employer

Support & Financial Aid

Employer Support

Historically, those students employed full-time with a Big Four accounting firm during the first co-op term have received one-half of the second term tuition from their employer. Similarly, those students employed full-time with a Big Four accounting firm during the second co-op term have received one-half of the third term tuition from their employer. There are some conditions that apply.

Please confirm the details with the employer.

Master of Taxation Entrance Scholarship

The Master of Taxation Entrance Scholarship is awarded to a limited number of incoming full-time students whose past achievements demonstrate academic excellence. To be eligible for consideration for this scholarship of $3,500, students will have completed a four-year honours undergraduate degree within the past five school years, and have completed two advanced-level tax courses as part of the degree requirements. No application is necessary. An award winner(s) is selected from within the group of incoming students who meet the qualifying conditions.

Provincial Student Assistance Programs

Provincial support through programs such as the Ontario Student Assistance Program (OSAP) can provide assistance to eligible students based on financial need.  For further information visit your provincial student aid website, including the OSAP website.

Tuition

Incidental fees

For a list of domestic incidental fees please visit the fee schedule for domestic graduate students.
For a list of internation incidental fees please visit the fee schedule for international graduate students.

Please use the finances area in Quest as your primary source of account information. If you have any problems please contact Kirsten Muirhead immediately as your tuition must be paid for you to remain in the program.

Fee deadlines

Please ensure that you pay your tuition promptly before the fee deadline. Fees can be paid via online banking, or directly at the bank. The Student Financial Services page provides information regarding tuition due dates and late fees; however, for the Master of Taxation (MTax) withdrawal and refund policy please see notes below. 

University of Waterloo bursaries

There are a number of bursaries available to full-time graduate students at the University of Waterloo who are experiencing short-term financial need.

Bursary forms are available from the Graduate Studies Office (GSO), on the forms for graduate students page.

Students may apply once per term, deadlines are three times per year (please see the Bursary Application for details).

Please note that bursary funding is not available to first-term graduate students.

Withdrawal and refund policies

First term:

  • 100% before the start of classes (less a $50.00 withdrawal service charge).
  • 80% during the first three weeks following the start of classes.
  • 0% thereafter.

All other terms:

  • 100% before start of classes (less a $50.00 withdrawal service charge).
  • 0% after the start of classes.

Voluntary withdrawal form:

  • Must be completed and returned to us for the withdrawal/refund to be processed.
  • Can be found on the forms for graduate students page.

Donald and Geraldine Beam Award

This award will be made annually to the student in the Master of Taxation program who best demonstrates aptitude and proficiency in the process, methodology, techniques and skills of original research in the TAX 638 research project required for the Master of Taxation program. Information concerning selection procedures is available from the School of Accounting and Finance, University of Waterloo .

The Donald and Geraldine Beam Award recipient will be chosen in May of each year after the research papers have been marked. The award will be announced at the convocation at which the recipient receives his/her degree, and a cheque will be mailed to the recipient. The amount of the award varies by year.

Canadian Tax Foundation Scholar Award

In collaboration with the Master of Taxation program, the Canadian Tax Foundation (CTF) is sponsoring an award, entitled "Canadian Tax Foundation Scholar." It is given to the graduating student who places first overall in the Master of Taxation program.

The award recognizes outstanding achievement by a student in an advanced tax program. The winner will have demonstrated exceptional ability in all aspects of taxation, rather than just one narrow field or course. By standing first in the program, the student has demonstrated a commitment to taxation, and the excellence in scholarship for which the Canadian Tax Foundation is known. Since the membership of the Canadian Tax Foundation includes CPAs, lawyers, economists, academics and all others interested in tax, the award is open to students of all backgrounds.

The CTF Scholar award recipient will be chosen in May of each year after final grades are processed. The award will be announced at spring convocation.

Canadian Tax Foundation National Conference Award

The Canadian Tax Foundation National Conference Award provides the opportunity for the selected high performing graduates of the Master of Taxation program to attend this prestigious conference in the year of graduation. The award winner(s) is selected from the current year’s graduates. Winners of this award cannot be recipients of any other award while attending the Master of Taxation (MTax) program.