Both of your children will file their own income tax returns, reporting any income earned and filling out their tuition and education amounts. Any tuition and education credits that they do not require to reduce their income tax owed to nil can be transferred, up to $5,000 federally and provincially to one of the parents. They will need to sign their T2202A and specifically transfer tuition credits to you. You will need copies of their schedule 11's and BCs11's to get the transferable figures.
