Transfering unused tax credits.if my Dad opts to transfer tax credits from my mom what impact will that have on my moms tax return if her income is under 10k

I just want to make sure my mom isn't penalized by having a balance owing if my dad transfers her unused tax credits. How do I know what portion of the credits are unused

914

Level 13

Oct 31, 2019 12:48:13 AM

Tax credits are used to reduce any net tax owing. Transferring credits will not result in the other person owing more on their taxes.

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Transfering unused tax credits.if my Dad opts to transfer tax credits from my mom what impact will that have on my moms tax return if her income is under 10k