I entered my tuition amount into the tuition fees section (4275$) but when I go to transfer that amount to a parent it says it exceeds the maximum amount
I entered my tuition amount into the tuition fees section (4275$) but when I go to transfer that amount to a parent it says it exceeds the maximum amount
I entered my tuition amount into the tuition fees section (4275$) but when I go to transfer that amount to a parent it says it exceeds the maximum amount
Check to see how much of your tuition credits are being used on your return.The maximum amount you can transfer is $5000- the amount used by you to lower your tax.
For example, if you have $10,000 in tuition credits and needed $1,000 of it to lower your tax owing, you would only be able to transfer $4,000 (even though you'd have more than $5,000 available).
The maximum amount that is eligible for transfer is listed on the screen titled Transfer Tuition and Education in the deductions section.
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