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RobinH449
New Member

transferring unused tuition amount

I have read that I should not transfer my kid's unused tuition amount to myself unless I am using it to reduce my tax payable to Zero.  Without using the tuition amount, I will actually be getting a refund.  If I add in the tuition amounts both federal and provincial, my refund increases.  Why then does the Turbotax information say not to transfer the unused tuition amount unless I am reducing my tax payable to zero. It appears to be beneficial if I do.  I am in New Brunswick

1 Reply
TurboTaxHeba
Intuit Alumni

transferring unused tuition amount

You might not need the whole amounts. Check the Detailed tax summary with and without Tuition amounts to calculate how much exactly you need to reduce the non-refundable tax credits to zero. 

 

This message is a warning or reminder to check the amounts. You still can file with the increased refund.

 

I hope this was helpful.