June 22, 2021 4:07 PM
last updated June 22, 2021 4:07 PM
Might this be because our daughter earned sufficient income to claim all of her tuition on her tax return?
July 19, 2021 8:13 PM
Yes, that may be the case as the amount of tuition that can be transferred to the parents depends on how much the child has deducted to reduce their tax. In addition to that, the maximum amount they are allowed to transfer is $5,000 less the amount they needed to use to reduce their own tax owing.
For more information, please see:
- Transfer or carry forward amount
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