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 A student cannot transfer all or part of his or her tax credit for tuition or examination fees to his or her spouse. 2  However, a student can transfer the unused portion of his or her non-refundable tax credits to his or her spouse. student can transfer all or part of his or her tax credit for tuition or examination fees to you, provided the transferred portion relates to fees paid for 2014 and you are. 1  the student's father or mother (This link will open a new window).