Hello, thanks for your question. Your son would have been issued a T2202A slip for the calendar year's tuition expenses from his institution. Any unused tuition fees can be transferred to a parent if the student approves the transfer. For federal purposes, $5,000 of non-refundable tax credits can be transferred. 15% of the respective amount will offset the recipient's federal tax liability.
To be clear, your son will have to report the slips content on his personal tax return and utilize his tuition fees first before he can transfer his unused tuition fees. Ensure the back of the slip is signed appropriately as instructed in case a T1 process review of your claim occurs in the future. Retain the slip as well.
