I'm no longer a student but I have lots of unused tuition credits (over $100k unused for prov and fed each). I am still owing on my return. Does anyone know why?
Upon inputting my unused tuition amounts from my previous year's Notice of Assessment there were some deductions. But it still shows that I am owing for my return. Does anyone know if there is a limit to how much unused tuition credits are applied for a tax year? Why does it not apply more of my unused tuition credits to my taxable income to reduce my tax owing to zero? Thanks!