If tuition credits from BC can not transfer to ON while working there for a couple years. Will they still be available when returning to BC or do they disappear forever?
If tuition credits from BC can not transfer to ON while working there for a couple years. Will they still be available when returning to BC or do they disappear forever?
My son's assessment has come back denying his BC tuition credits being allowed this past year as he was working in ON. It's over $40,000 in credits. He does plan on returning to BC for 2020, will he be able to use those credits upon returning or do they just vanish as he will be living in ON for a couple years?
If tuition credits from BC can not transfer to ON while working there for a couple years. Will they still be available when returning to BC or do they disappear forever?
The elimination of the tuition credit in Ontario (and
some other provinces) is a recent change. There seems to be conflicting information
on what will happen if you move out of Ontario and back to your original province.
Some tax experts believe the credits will be lost, but others disagree.
In this case it may be best to contact the BC
government and see how they plan to handle this situation.
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