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March 18, 2024
Question

Tuition lowers/drops tax refund

  • March 18, 2024
  • 1 reply
  • 0 views
t2202 lowered tax refund

    1 reply

    TurboTaxSusan
    March 18, 2024

    What likely happened is that when you put in your income, TurboTax claimed the Canada Workers Benefit (CWB) (aka the Working Income Tax Benefit) for you. This is a refundable tax credit for people who work, but don’t make very much. However, students are usually not eligible for this credit, so when you added your tuition, then the CWB was removed, lowering your refund.