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?

Answer rating: 100% (QA)

In Canada the maximum transferable tuition amount is 5000 to eligible individuals ... View the full answer