howyadointday
Returning Member

Turbo Tax is reducing amount of student tuition amount to transfer or carry forward when the student does not need it to decrease income - how do I stop it please?

 

Seniors and students

Tuition is a "Non-Refundable Tax Credit" that is used to reduce any tax payable on your taxable income. It will not reduce your income & TurboTax will apply the amount needed if any. 

Unfortunately, you cannot choose to carry forward your tuition amounts. You must claim your tuition, education, and textbook amounts in the year they are incurred and you must claim this amount in the first year you have a tax payable.

This means if you have to use any of the tuition amounts this year to reduce your tax payable, they will be applied to your return automatically by CRA, even if you attempt to carry them forward. 

TurboTax will apply the needed amount to reduce your tax payable to zero this year and carry forward any excess to future years. Then CRA will automatically apply as needed. If you can use all your credits in a particular tax year, you are required to do so. You cannot spread them out over a number of years or wait to claim them.