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New Member
posted Apr 6, 2024 6:27:05 PM

Refund dropped after adding tuition

  • Full-time student
  • Refund was looking like $1189.88
  • Then entered T2202 for $4247.60
  • Refund dropped to $81.18

Why did this happen?

0 3 637
3 Replies
Level 5
Apr 6, 2024 8:43:00 PM

What might have happened is that TurboTax claimed the Canada Workers Benefit (CWB) for you at first, however then you entered your T2202 information indicating that you are a full-time student. Full-time students are generally not eligible for the CWB, so it was removed and your refund decreased.

 

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New Member
Apr 7, 2024 4:57:04 AM

Actually, the first time I did it, I arrived at the CWB screen and when I said no, it dropped the refund in the same amount. I scrapped that return and tried again, but didn’t get the CWB screen. Instead, it happened when I entered the tuition. In any event, why would it drop so significantly…it does make sense?

Moderator
Apr 7, 2024 11:07:12 AM

@gloworm3 The CWB can be up to $1,428 for a single person depending on your income (more if you are disabled). So, a large drop is quite common when the CWB is removed.