Carryforward of tuition fees
A student can carry forward to a future year, the portion of
tuition or education amount that he cannot use and does not
transfer to someone else.
Remember that according to CRA rules, you must first claim the
amounts on your own federal return, to reduce the tax payable.
However, if a student carries forward an amount, he will not be
able to transfer it to anyone.
To do this, in the student's file, follow these steps:
1. On the "Left-side menu on the Interview tab", select
"Interview setup".
2. On the page to your right, go to the "Student" group
and check box "Tuition, education, textbooks, student loans"
and other groups that are needed to complete your tax return and
click "Next" at the bottom of the page.
3. Return to the "Left-side menu on the Interview tab",
select the item "Tuition, education, student loans" and on
the page to your right, click on the plus sign
"+" icon to the right of the line "Tuition amounts (Line
32300)".
4. If you want to carry forward your tuition fees, in the page
for "Tuition, education and textbook amounts", go to the
section "Transfer of unused amount".
5. For the federal go to the line "Treatment of federal
unused tuition, education and textbook amounts", and from the
drop-down menu to your right, choose the option "Carry forward
to use next year".
6. For Quebec residents, under the section "Quebec
Schedule T", go to the line "Treatment of unused Quebec
tuition and examination fees tax credits" and from the
drop-down menu to your right, enter the option "Do not use and
do not transfer, carry forward to next year".
7. Verify federal Schedule 11 - as well as Schedule T
for Quebec residents - to determine the amounts to be carried
forward in the future.
For more information on fees, please see the following
links:
For the CRA:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-323-your-tuition-education-textbook-amounts.html
for Revenu Québec:
https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/350-to-3981-non-refundable-tax-credits/line-398/
https://www.revenuquebec.ca/documents/en/publications/in/in-112-v%282014-01%29.pdf
ID: 20191002095153DEXX.xml
Webpage: KPA355-20191002095153DE.htm
