TurboTax automatically calculates the maximum amount you can claim and subtracts it from your tax balance owing.
This is a Canada Revenue Agency(CRA) rule that has been in place for many years. You have to use any of the tuition amounts this year to reduce your tax payable, they will be applied to your return automatically by CRA, even if you attempt to carry them forward.
TurboTax will apply the needed amount to reduce your tax payable to zero this year and carry forward any excess to future years. Then CRA will automatically apply as needed. If you can use all your credits in a particular tax year, you are required to do so. You cannot spread them out over a number of years or wait to claim them.
For more information, please click:
TurboTax How do I claim the amount for full-time post-secondary studies (RL-8)?
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Thanks for your reply.
I understand what you are saying however, it is not necessary for me to carry forward ANY of my tuition credits as my income is low enough where I do not need it. Despite this, the system is automatically using up 43,000 worth of credits unnecessarily. As we know, once this is used up wether needed or not, that credit is lost forever. In previous years I had filed manually and was able to carry forward my entire amount and this was accepted by CRA without issue. So, my question is, how can I carry forward my entire tuition credit within the TurboTax system?
Please contact our phone support team at 1-888-829-8608 as they will be able to look through your return with you to figure out what is happening.
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