How do I enter tuition transfer from dependants in Profile?

I have entered the tuition amount in the transfer from dependants section under tuition fees.  Is that enough, or do I need to fill out a T2202A for my dependant as well?  And is it possible to split the tuition between my wife and I?  There is also a box at the bottom of the dependants section for tuition transfer.  Does this need to be filled out as well?


Thank you

Answer

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The tuition from the T2202a for the student does not get entered on your tax return. If you have a student linked to the parents returns as a family return, you only enter it in the T2202a section for the student and the transfer happens automatically. It only gets entered in the Dependant section for tuition transfer if you do not link any family member returns for the student and you need to enter their income information to avoid transfering an incorrect amount. You can only do a transfer if the student cannot use it themselves and the maximum is $5000 federal and $5000 provincial. No, you cannot split it. Also, profile does not calculate the optimimum maximum transfer if the entire $5000 is not needed, so you should manually work out the lower amount if applicable to avoid wasting the tuition of the student that could be carried forward.

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