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At the beginning of 2022, Karl Schmidt has a carry forward of a tuition tax credit from 2021 of $525 [(15%)($3,500)]. In 2022, he is
At the beginning of 2022, Karl Schmidt has a carry forward of a tuition tax credit from 2021 of $525 [(15%)($3,500)]. In 2022, he is in full time attendance at a Canadian university. His tuition fees total $5,650 for the year. His taxable income for 2022 is $34,650. Other than his tuition credit, his only current tax credit is his BPA. Determine Karl's total tuition tax credit and any available carry forward. Assume that his Canada Training amount is $750 which he has never claimed
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