QUESTION:
My son is currently attending university in New York and has significant
tuition fees that are not being claimed by him as he is not earning income.
Can these fees be transferred to me (Canadian resident parents) on my
Canadian tax return?
Also, would my son be required to fill out both Canadian and US tax returns.
How is residency determined for students?
I would appreciate any information you could provide into this matter.
Thanks...great website!!
============================
david ingram replies:
Your son must fill out a Canadian T1 and schedule 11.
He can then elect to transfer up to $5,000 of his education deduction amount
to you and carry the balance forward for ever.
>From what you have described, he has no US tax filing liability.
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