I do not need to utilize a claim for any of my UNUSED TUITIoN AND EDUCATION AMOUNTS carried from 2017 but TurboTax just takes a portion of it both Federal and Provincial and claims it for 2018? WITHOUT such claim, I am already in A REFUND position and I WANT to carry over all UNUSED amounts for next year's. What is happening?
Unfortunately, you cannot choose to carry forward your tuition amounts. You must claim your tuition, education, and textbook amounts in the year they are incurred and you must claim this amount in the first year you have a tax payable.
This means if 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.
Unfortunately, you cannot choose to carry forward your tuition amounts. You must claim your tuition, education, and textbook amounts in the year they are incurred and you must claim this amount in the first year you have a tax payable.
This means if 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.
acdcpenrooke
New Member
amarch10
New Member
ibrahim-ibrahim
New Member
dunjean
Returning Member
paulfrice
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.