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New Member
posted Oct 31, 2019 1:58:50 AM

Are we required to show tuition paid? It reduces my return by about $1000 if I claim it. I have carryover from prev yrs too.

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1 Replies
Level 15
Oct 31, 2019 1:58:51 AM

What's happening is when you first entered your slips, your income was low enough that you were assigned the Working Income Tax Benefit. (WITB). When you added your Tuition Slip, the WITB was removed from your tax return as students are excluded from this benefit. 

It can be tempting to remove your tuition to receive that extra benefit but it's not a good idea. CRA's matching program will eventually discover the missing tuition slip and you'll be required to repay the benefit plus interest. It's just not worth it.

TurboTax will apply the needed amount to reduce your tax payable to zero this year and carry forward any excess to future years. Then CRA will automatically apply as needed. If you can use all your credits in a particular tax year, you are required to do so. You cannot spread them out over a number of years or wait to claim them.