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.
1 11). 2  To transfer unused tuition or examination fees to a parent or grandparent: 3  At the bottom of Schedule T, fill in the personal information of the person to whom you are transferring. 4  Type the amount that you would like to transfer. To transfer tuition: 2  Continue through the interview to the Deductions section. 3  On the Your Student Profile for 2010 screen, select Transfer of tuition and education to a spouse, parent or grandparent as well as any other checkboxes that apply to you.