If I have a $10,000. transfer tuition from my children, how would this affect my taxable income
01603
1 Replies
TurboTaxMary-Ann1
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.