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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.
Transferring an IRA may take up to 10 business days. We will credit your transfer fees up to $150 when completing a first-time account transfer for $2,500 or more. Credit will be deposited to your account within 30 days of receipt of evidence of charge. This offer does not apply to Termination Fees or Maintenance Fees.