Personal Finance

Tuition Tax Credits vs. Ontario Tax Reduction !

  • Last Updated:
  • Feb 9th, 2014 11:16 pm
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Feb 8, 2014
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Tuition Tax Credits vs. Ontario Tax Reduction !

Hi, I was recently completing my tax forms and I was curious about using Ontario Tax Reduction over the tuition tax credits.

Basically, it seems as though the process forces me to use up my available tax credits BEFORE being eligible for the Ontario tax reduction of ($200~ x2 = $400~).

This kind of sucks... I mean I would rather use up this tax reduction FIRST, rather than being forced to tap into my carry-over amount of tuition :S.

Is there a way around this, or perhaps am I misunderstanding the tax process?

Thanks !
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