Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted May 14, 2021 5:49:36 PM

Can i claim the amt of tuition transferred to me from my child, if the tuition was paid from RESP funds (that i contributed to over a 20 year period)?

0 1 449
1 Replies
Level 4
Apr 24, 2022 2:23:44 PM

According to the Canada Revenue Agency (CRA), as long as there is a remaining tuition credit available, it may be transferred to the parent, regardless of what account was used. However only one person can claim the transfer, and the student cannot transfer any amount they carried forward in a previous year. So the tuition credit transfer must be for amounts used for the current tax year. For more information, check out: Canada Revenue Agency (CRA) - Tuition Amount Transferred

 

Thank you for choosing TurboTax.