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blerg642
New Member

I pay my daughter's tuition from an RESP. Does she have to show this on her tax return and can I transfer any unused amount to me?

 
1 Reply

I pay my daughter's tuition from an RESP. Does she have to show this on her tax return and can I transfer any unused amount to me?

Yes, your daughter needs to report amounts she got from the RESP on her tax return. She should have gotten a T4A slip for the RESP income. She can claim the tuition tax credit to offset the income, and can transfer the tuition to you if she doesn't use it all.