Here is the calculation:
Student summaryIs this correct? It was not useful at all!
The amount of tuition credits used is determined by your taxable income and your non-refundable credits. Your student loan interest is being carried forward because your tuition credits already covered enough credits so that you do not have taxes payable.
Tuition credits don't expire and the amount used is an automatic calculation. Student loan interest can be carried forward for 5 years.
If you are comfortable using Forms Mode in TurboTax, you can search for Schedule 11 to see the calculation for your federal tuition credits. For the provincial tuition credit calculation, you can do a keyword search for 'tuition' and your provincial S11 form should show up in the list for you to view. For student loan interest, you can search for "LOAN" to see the calculation.
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