Why does my return get smaller when I add that I did four months of full-time university?
My refund was a decent amount, but when I added my tuition costs and the fact that I spent four months at full-time university, it reduce to approximately one-hundred dollars. Why?
Why does my return get smaller when I add that I did four months of full-time university?
Turbotax was calculating an amount for the Canada Worker's Benefit (CWB), which is a refundable tax credit available to lower income workers. However, you cannot claim the CWB if you were enrolled as a full-time student at a designated educational institution for a total of more than 13 weeks in the year, unless you had an eligible dependant at the end of the year. As a result, once you entered your tuition receipt, Turbotax automatically removed this claim, lowering the refund.
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