How a child account is defined At Microsoft, a child account is defined as any Microsoft account thatâs affiliated with an adult Microsoft account when the age of the child or teen is less than the age of majority for his or her country.
You can transfer up to $5,000 federally, and an additional $5,000 provincially ($6,184 for Ontario residents). These amounts are reduced by the portion of this year's tuition, education, and textbook amounts that you used on your own return. Example.owever, the CRA's rules state that you-the student must first claim the fees on your return, regardless of who paid them. Once you reduce your tax payable to zero, you can transfer leftover amounts to your spouse, parent, or grandparent.
See What tuition and education expenses can a student claim? for more information. Students 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 yearâs tuition and education amounts that the student used on his or her own return.he Rules. Full-time student s can claim the Education Amount of up to $400 a month and up to $65 a month for books for each month they were in school in 2012. Part-time student s can claim the Education Amount of up to $120 a month and up to $20 a month for books for each month they were in school in 2012.