Personal Finance

carryover tuition fee

  • Last Updated:
  • Oct 12th, 2018 7:52 pm
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[OP]
Newbie
Oct 11, 2018
2 posts

carryover tuition fee

i have carryover tuition fee from previous years can i transfer it to my wife

thank you
5 replies
Deal Addict
Jul 28, 2014
1049 posts
507 upvotes
Toronto, ON
EmadM11432 wrote:
Oct 12th, 2018 3:33 pm
i have carryover tuition fee from previous years can i transfer it to my wife

thank you
no
Deal Addict
Jul 28, 2014
1049 posts
507 upvotes
Toronto, ON
EmadM11432 wrote:
Oct 12th, 2018 7:28 pm
but i read somewhere that i can transfer 4000
you read wrong
Deal Addict
User avatar
Jan 9, 2011
2756 posts
2262 upvotes
Vancouver
EmadM11432 wrote:
Oct 12th, 2018 7:28 pm
but i read somewhere that i can transfer 4000
You can't transfer amounts carried over from a previous year, and you can't even transfer the current year's amount if you can use it to reduce your taxes owing. You can only transfer to a spouse what is left over after you've used the balance to reduce your taxes to zero.

It's always good to check primary sources, like this one: https://www.canada.ca/en/revenue-agency ... ounts.html

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