My self employment (and only)income is only $8000, but when I add my T2202A tuition tax credit, my return goes from a refund of $800 to owing $547. What am I doing wrong?
My self employment (and only)income is only $8000, but when I add my T2202A tuition tax credit, my return goes from a refund of $800 to owing $547. What am I doing wrong?
My self employment (and only)income is only $8000, but when I add my T2202A tuition tax credit, my return goes from a refund of $800 to owing $547. What am I doing wrong?
Ok so I think I figured out that the CWB disappears when I enter the tuition credit, as full time students are not eligible for the CWB. However, as my net self employment income is only about $8000, shouldn’t my amount owing be $0?
My self employment (and only)income is only $8000, but when I add my T2202A tuition tax credit, my return goes from a refund of $800 to owing $547. What am I doing wrong?
Not necessarily, TurboTax will use what it can to bring down the amount owing. There are times you may still end up owing.
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