Elaine has 2020 Taxable Income of $13,185.  She attends university in Waterloo, Ontario on a full time basis for 8 months of the year, paying $8,000 for 2020's tuition.  She also had to pay $1,200 in ancillary fees in 2020, in addition to $1,845 for textbooks (she has kept all receipts).  Her only tax credit, other than education-related credits, is her basic personal credit.  

Determine Elaine's total credits and indicate how much of this total could be transferred to a supporting grandparent, if any?

How much would be carried forward, if any?

Answer rating: 100% (QA)

Elaines total credits would include the educationrelated credits and the basic personal credit Lets ... View the full answer