Notice of Collection
The Rotman School of Management, University of Toronto respects your privacy. Personal information you provide to the Rotman School is collected pursuant to section 2(14) of the University of Toronto Act, 1971. It is collected for the purpose of administering admissions, registration, programs, Rotman-related participant activities, advancement, and for the purposes of statistical reporting to government agencies. At all times it will be protected in accordance with the Freedom of Information and Protection of Privacy Act.
If you have questions, please refer to http://www.fippa.utoronto.ca or contact the University Freedom of Information and Protection of Privacy Coordinator at 416.946.7303, McMurrich Building, Room 201, 12 Queen’s Park Crescent West, Toronto, ON, M5S 1A8.
1. CANCELLATION POLICY
Cancellations must be received in writing. Cancellations made greater than 45 days of the program start date receive 100% refund minus a $500 administrative fee. Participants who need to cancel and have previously deferred will lose 100% of program fee paid.
Cancellations made within 45 days of the program start are subject to the penalties listed in Section 3.
2. DEFERRAL POLICY
Participants needing to defer their enrolment to a Rotman Executive Program can do so only if:
- A request is submitted in writing.
- There is no previous deferral.
- The deferral is within two (2) years of the date of the original invoice.
- The program fee has been paid in full.
A participant can be substituted on the same program session without incurring any penalties, provided the substitute meets the program criteria and is accepted.
Deferrals made within 45 days of the program start are subject to the penalties listed in Section 3.
3. CANCELLATION & DEFERRAL PENALTIES
Due to program demand and pre-program preparation, cancellations or deferrals made:
- between 16-45 calendar days of the program start date are subject to a penalty of 50% of the program fee
- within 15 calendar days of the program start date are subject to a penalty of 100% of the program fee
4. PROGRAM CANCELLATION BY ROTMAN
The Rotman School reserves the right to cancel or change dates of any executive program. In the unlikely event that the Rotman Initiative for Women in Business cancels the program, all program fees will be fully refunded. Participants are responsible for their individual travel arrangements and costs. Travel insurance is recommended in the unlikely event that a program is cancelled or dates change – please ensure that the travel insurance purchased covers this type of cancellation.
5. FEE PAYMENT
Deposits are required at the time of application (refundable only to applicants not accepted to the program). The balance of the program fee is due 30 days after receipt of invoice or 30 days before program start date, whichever is first.
6. FEE REDUCTION/TAX INFORMATION
Employment Related Training Tax Information:
If the program is employment related training, then the university must receive a letter from the employer confirming that the program constitutes such training within the meaning of Canada Revenue Agency Interpretation Bulletin IT-470R. Generally, the Bulletin states that where the training is taken for the benefit of the employer, there is no taxable benefit to the employee.
If the tuition fee is paid by the company, it is the company's responsibility to determine whether the fees paid on behalf of the individual is a taxable benefit and should or should not be included on his/her T4 slip.
To confirm employment related training, please download the following template, print on company letterhead and email to our admissions team at email@example.com.
Download: Letter Template
Non-Employment Related Training Tax Information:
A discount is a taxable benefit to the individual participant and should be included on the individual's tax return if the program is non-employment related training.
The university has a legal obligation to report the discount amount (considered a bursary) to Revenue Canada by issuing a T4A slip to the individual at the end of the year.
Tax receipts, referred to as Education Amount Certificate (T2202A) will be issued for the full amount of the tuition fee less the cost of meals, study materials and accommodation, whichever is applicable.
The individual is responsible to report the discount (bursary) to Revenue Canada and claim the education credit (if applicable). Refer to Revenue Canada tax guide for eligibility.
Tax receipts are available from the Finance Department. Please contact firstname.lastname@example.org.
7. DISCOUNT LIMITATIONS
Where program applicants are eligible for more than one fee reduction, for example an alumni discount and a partnership organization discount, only one discount will be applied towards the tuition fee. It is the policy of Rotman Executive Programs to honour the greater of the two discounts. Discounts are not redeemable for cash.