Seniors and students

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Yes, if you do not wish to use your current year's tuition credits, then they will be carried forward for you to use when needed.

 

As per CRA : 

 

You can carry forward your current year’s unused federal tuition fees (that you did not transfer) to claim in a future year, and any unused tuition, education, and textbook amounts carried forward from years prior to 2020, that you cannot use this year. To calculate the amount you are carrying forward, you have to file an Income Tax and Benefit Return and fill out federal Schedule 11or by selecting Tuition Fees Carryforward in the Student section of TurboTax. They’ll more than likely be able to use the tax credit once they start working full-time and earning more money. They have to claim the carry forward amount in the first year that they have to pay income tax and CRA will apply this amount automatically when needed.

 

**Note: 

If you carry forward an amount, you will not be able to transfer that amount to anyone in the future.

Depending on your province or territory of residence, you may have to fill out provincial or territorial Schedule (S11) to calculate your provincial or territorial transfer or carry-forward amounts. Attach the applicable schedules to your return.

 

For more information please click: Understanding Tuition Tax Credits

 

If you need any further clarifications, we would be glad to guide you through.