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aedanjohn
New Member

If I'm a student, why isn't the program using my tuition amounts to reduce my tax owing to zero? What should I do?

 
1 Reply
TurboTaxJared
Level 7

If I'm a student, why isn't the program using my tuition amounts to reduce my tax owing to zero? What should I do?

The credit is calculated by adding together all eligible tuition fees, then multiplying the amount by the lowest federal tax rate percentage for the current tax. For instance, as the 2017 federal tax rate is 15 per cent, a student paying tuition fees of $2,000 would be eligible for a tax credit of $300.

Do you have enough eligible tuition to reduce your tax owing to zero? 

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