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hsy110405
New Member

I entered my tuition fee (T2202A Tax Form) and I can see the amount. However when I reached to Review/Summary part. Credits and deductions summary is 0. What happened?

 
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I entered my tuition fee (T2202A Tax Form) and I can see the amount. However when I reached to Review/Summary part. Credits and deductions summary is 0. What happened?

Did you have any taxes owing? The tuition credit is non-refundable, which means it can only be used to reduce or eliminate your federal/provincial tax bill and it can’t generate a refund. If you aren’t able to use the full amount of the credit, any unused credits can be carried forward to a future tax year, or transferred to a spouse/common-law partner or parent/grandparent.