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How much can the student transfer? He or she can transfer up to $5,000 federally, and an additional $5,000 provincially ($5,914 for Ontario residents). These amounts are reduced by the portion of this year's tuition and education amounts that the student used on his or her own return.ut the CRA rules state that the student must first claim the tuition fees on their own return, regardless of who paid it. Once the student's tax payable is reduced to zero, they can transfer leftover amounts, up to $5000, to a spouse, parent, or grandparent.
You can also claim an education amount of $1,600 (4 full-time months at $400/month) and a textbook amount of $260 (4 full-time months at $65/month). Your total tuition, education, and textbook amounts are $6,360. You used $2,000 of this amount to reduce your tax payable to zero.This leaves you $3,000 available for transfer: $5,000 minus the $2,000 that you used.our total tuition, education, and textbook amounts are $6,360. You used $2,000 of this amount to reduce your tax payable to zero. This leaves you $3,000 available for transfer: $5,000 minus the $2,000 that you used.