Carl Bond is a student at the University of Michigan in the U.S. on a full time basis during 2020.His tuition fees total $31,400 (Canadian dollars). For 2020, he has Taxable Income of$16,000. Other than his tuition credit, his only tax credit is the basic personal credit. Determine Carl's tuition credit and indicate how much of this total could be transferred to a supporting parent and how much would be carried forward.

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The Answer of Carl Bond is a student at the University of Michigan in the U.S. on a full time basis during 2020.His tuition fees total $31,400 (Canadian dollars). For 2020, he has Taxable Income of$16,000. Other than his tuition credit, his only tax credit is the basic personal credit. Determine Carl's tuition credit and indicate how much of this total could be transferred to a supporting parent and how much would be carried forward.

Carl Bond Is a Student at the University of Michigan