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New Member
posted Oct 30, 2019 6:03:53 PM

If I have a $10,000. transfer tuition from my children, how would this affect my taxable income

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1 Replies
Level 13
Oct 30, 2019 6:03:55 PM

Tuition credits are non-refundable tax credits which help to reduce any net federal or net provincial tax that you may have owing.  Tuition credits will not reduce your taxable income.