Nothing submitted for university child. Transferred amount for tuition to me but still some remaining (I initially estimated income higher). How do I change transfer amt.
Nothing submitted for university child. Transferred amount for tuition to me but still some remaining (I initially estimated income higher). How do I change transfer amt.
If you have not submitted your Dependant's tax return yet, there is nothing you need to do that return. Of course, you know that return must be submitted with the T2202 - Tuition and Education Slip and showing the actual amount the student is transferring, in order for the transfer to be made to your own return.
To change the amount of Tuition Credit being transferred to your own return, you will need to make an "Adjustment" to that return, after you receive your Notice of Assessment (NOA)
You can do so by:
ReFiling that same tax return with the updated income figures from the dependant's return showing the increase in the transfer
Do an adjustment from within your online CRA My Account
Mail-in a paper adjustment with the completed T2202 Transfer information and the Schedule 11's from your dependant.
CRA may request the documents needed whichever way you choose to do the adjustment, so be sure to keep them available.
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