My son has unused education amount carried forward from previous year. He now has employment income and potential taxes owing. How can he apply carried amounts to reduce
amount available is known, but do not see where that amount can be populated to assist with reduction.
My son has unused education amount carried forward from previous year. He now has employment income and potential taxes owing. How can he apply carried amounts to reduce
If you have unused Tuition, you can enter amounts under the Tuition section of 'Deductions'.
Amounts of unused credit are applied to reduce tax payable automatically. There is no option to voluntarily postpone use of unused amounts. CRA knows your unused amount of tuition and they will apply credit even if you don't enter any amounts of carry forward yourself on your current return.
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