Seniors and students

Your mom doesn't need to use TurboTax for you to transfer tuition to her. But why isn't she? Just kidding 🙂 We're super glad you decided to give us a try.

You first need to prepare your tax return. The CRA's rule is that you can only transfer tuition amounts that you don't need yourself on your own return to reduce your tax payable to zero. The easiest way to figure out how much you have left over to transfer to mom is to prepare your return.

TurboTax makes this easy; once you've entered everything and let us know you want to transfer the amounts you don't need, TurboTax will tell you the amounts you need to tell your mom so she can enter them on her return. You can choose to give her all your unused amounts or you can choose to transfer her a portion and save some for yourself for a future year. 

Here's the step-by-step: https://turbotax.community.intuit.ca/replies/2648072