The Education amount ($400 per month of full time education, $120 for each month of part time education) and the Text book credit ($65 per full time month, $20 per part time month) is added to the amount in column A of your T2202, and this is the total tuition credits earned in the tax year. As long as you have included the figure shown in column B and/or C on your T2202, then the Education and Textbook amount is being calculated. Tuition credits are non-refundable tax credits. If total non-refundable tax credits claimed in a year exceed the tax liability, you do not get the balance refunded to you. If you have $20,000 in income and $25,000 in non-refundable tax credits, you do not get $5000. Most non-refundable credits, if you can't use them in the year, can not be claimed on future tax years...if they aren't used in the year they are earned, they disappear. Tuition credits have a different treatment. If you do not need all of your tuition credits to reduce the current year tax liability to zero, the balance can be carried forward and/or transferred to a parent, grandparent or spouse. If you require part or all of your tuition credits to reduce the current taxes, the amount used is shown on the Schedule 1.
