T2202A forms are issued to students who have paid $100.00 or more in eligible fees for qualifying courses beginning and ending in a particular calendar year.

In depth questions regarding the use of the T2202A form in the tax preparation process should be directed to Revenue Canada. Tax guides are available from any Revenue Canada office or a Post Office. Revenue Canada also publishes a booklet called “Students & Income Tax” – Government form P105(E).

Official receipts for income tax purposes covering tuition fees paid for qualifying courses taken during the preceding calendar year are available in late February. In accordance with Revenue Canada regulations, official receipts (T2202A Forms) are only issued for tuition fees totalling $100.00 or more. Materials and administrative fees are not eligible for tax deduction.

You have 3 hours to complete the exam.

The final exam consists of 50 multiple choice questions, many based on case studies that are designed to test your knowledge and understanding of the course material as required by the Financial Services Regulatory Authority of Ontario (FSRA).

Exams can now be completed fully online. If you are doing the course online and within the GTA, REMIC hosts examinations at our head office training facility at Sheppard and Victoria Park. Students can schedule exams through the portal.

If writing in person in the GTA you will have access to your final mark online the same day as you wrote your examination. If writing at a College or University we will typically advise you within 24 hours as we request that the College or University fax your exam to us immediately as well as courier your original exam to us. If writing online your results is typically available within 3 business days.

Once you have been notified that you have passed the course you will be required to log in to the online section of the course and complete our feedback. You will then be able to print your certificate of completion and save it electronically.

You must bring your photo ID (either a driver’s license or valid passport) and one additional piece of valid identification, , a pen or pencil and your calculator. No other aids are allowed during the exam.

REMIC gives you access to an Exam Review Report that details the section and topics from the textbook that you missed. If you fail the exam you may request to review it at a time convenient to both yourself and REMIC (due to current restrictions the exam review is not available at this time). Please refer to our Policies and Procedures Manual for additional information.

If you fail the exam you can arrange a rewrite exam at the next available exam date. If you fail the rewrite you must re-enroll in the course, paying the full tuition. This is a FSRA requirement.

REMIC does not publicize these statistics as they have no impact on your individual results and in publicizing these types of statistics a student may put more or less work into the course than required based on his or her perception.

The course is valid for 2 years from the time you pass your exam. If you do not obtain a mortgage agent license within this time you must retake the course.

No, however they are designed to help you understand the material and will greatly increase your chances of passing the final exam. While your final grade is based solely on the final exam, it is strongly recommended that you complete all assigned tasks in the course.