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February 16, 2025
Question

Any thoughts on why the Transfer Tuition and Education provincial value is $0 (BC) and federal is $5000. Fee incurred and student resident in BC

  • February 16, 2025
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    February 16, 2025

    In British Columbia, the provincial tuition tax credit was eliminated after 2018 (prior to 2019), so the provincial value is $0. However, BC residents can still claim the federal tuition tax credit, which is 15% of eligible tuition fees. For example, 15% of $5,000 is $750 in tax deductions.