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.
If you see a low retention rate and a low graduation rate, that may be the case. Some will go to a college with less expensive tuition for two or three years then switch over to another university. California State University Of Los Angeles has a 45% transfer rate.