Yes. It's actually quite common.
What's happening is that your income was low enough that you were assigned the Working Income Tax Benefit. Since students are excluded from this benefit, your tuition slip entry removed the benefit as it should.
It can be tempting to remove your tuition to receive that extra benefit but it's not a good idea. CRA's matching program will eventually discover the missing tuition slip and you'll be required to repay the benefit plus interest. It's just not worth it.
Yes. It's actually quite common.
What's happening is that your income was low enough that you were assigned the Working Income Tax Benefit. Since students are excluded from this benefit, your tuition slip entry removed the benefit as it should.
It can be tempting to remove your tuition to receive that extra benefit but it's not a good idea. CRA's matching program will eventually discover the missing tuition slip and you'll be required to repay the benefit plus interest. It's just not worth it.
I had the same question. Thanks. Very helpful.
What if the tuition fees are transferred to a spouse/family member? Does that make any difference?
No. If you report tuition slips it disqualify you from claiming the CWB even if you transfer or carry forward the amount.
Check this link for more information:
https://turbotax.intuit.ca/tips/understanding-tuition-tax-credits-6549
I hope this was helpful
Heba
Indeed, this is a common occurrence.
Because your income was low enough, you were assigned the Working Income Tax Benefit. However, as students are not eligible for this benefit, your tuition slip entry removed the benefit as it should.
You might be tempted to remove your tuition to receive that extra benefit, but it isn't a good idea. You will have to repay the benefit plus interest once the matching program discovers the missing tuition slip. So, it won't be worth it.
Don't hesitate to contact our phone support team for further assistance or contact us directly on Facebook or Twitter if you require further assistance.
What if tuition was paid for by an RESP?
It doesn't matter how the tuition was paid - full time students don't qualify for the CWB (except in rare circumstances).
focusenergyhub-g
New Member
ananayamathur
New Member
jmlalondee-hotma
New Member
sbirhane
New Member
rnicol46
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.