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Schedule T - Tax Credit for Tuition or Examination Fees (Claiming or Transferring the Credit) (Rama please add French for entire page)

You can claim a tax credit for your tuition or examination fees paid for 2016 or for 1997 through 2015, provided they have never been used to calculate a tax credit for tuition or examination fees. You can also transfer the unused portion of the tax credit that relates to your tuition or examination fees paid for the year to one of your or your spouse’s parents or grandparents.

To claim or transfer a tax credit for tuition or examination fees Schedule T is to be completed.

A. Claiming the tax credit for tuition or examination fees and calculating the cumulative amount of such fees that can be carried forward

Note 1 : - The amount entered on line 398 of TP1 return must equal to the total of lines 38 and 46 below.

1. Tuition or examination fees that qualify for the 20% tax credit rate

In 2013, the rate of the tax credit was reduced from 20% to 8%.This section is to be completed by you if you have an amount that you can carry forward to 2016 or future years for tuition or examination fees paid for 1997 through 2012 or for such fees paid for 2013 that qualify for the 20% tax credit rate.

Line 34 - Unused portion of tuition or examination fees  

Line 37 - Tax credit for tuition or examination fees

Line 38 - Amount you are claiming on line 398 of your 2016 return

Line 39 - Subtract line 38 from line 37.

Line 40 - Amount that you can carry forward to a future year

2. Tuition or examination fees that qualify for the 8% tax credit rate

Complete this section if the amount of tuition or examination fees paid for 2016 is greater than $100 or if you can carry forward to 2016 (or future years)

• fees paid for 2013 that qualify for the 8% tax credit rate; or

• fees paid for 2014 or 2015

Line 41 - Tuition or examination fees paid for 2016 (if the amount is more than $100)

Line 42 - Amount from Line 68 x 12.5

Line 43 - Subtract line 42 from line 41

Line 44 - Unused portion of tuition or examination fees (line 48 of Schedule T for 2015). If you did not complete Schedule T in 2015, see the guide for instructions on how to determine the amount to enter on line 44.

Line 44.1 - Add lines 43 and 44.

Line 45 - Tax credit for tuition or examination fees

Line 46 - Amount you are claiming on line 398 of your 2016 return

Line 47 - Subtract line 46 from line 45

Line 48 - Amount that you can carry forward to a future year

B. Transferring the tax credit for tuition or examination fees to a parent

This portion is to be completed by you only if you are transferring all or part of the tuition or examination fees which you have entered in line 41 in part A.

Line 51 to line 66 is computed automatically by the software based on data entered in part A of Schedule T and line 359 to 381, 401,390, 391, 392, 395 and 397.

Based on details entered the amount of tax credit which you can transfer to a parent is computed in line 66. In the schedule below line 66 you need to enter the full name, relationship to you, SIN number of the parents and the amount transferred in line 68 ( you can transfer all or part of the amount computed in line 66).

Note 2 :- The person to whom you transfer an amount must complete Part D of Schedule A and enter the amount transferred by you on line 65 of that schedule.