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Sam attended the University of New Brunswick for the last 2 years. Sam has $3,000 in tuition tax credits carried forward from 2019. In 2020,
Sam attended the University of New Brunswick for the last 2 years. Sam has $3,000 in tuition tax credits carried forward from 2019. In 2020, Sam has $12,000 of additional tuition costs. What is the maximum amount of tuition that Sam could transfer to their parents for use as a credit?
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In Canada the maximum transferable tuition amount is 5000 to eligible individuals ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
