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The limit for AOC is $2500. based on income allocation I used $400 as actual credit. Can I still claim more in following years until I use up the total $2500 credit

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Level 1
 
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Level 15
Level 15

 

You can get up to $2500 (only a portion is a refundable credit) each year, for the first 4 years of post secondary education.

 

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 1

Thanks Lisa so then are you saying yes I can continue taking the credit up to four year until my portions meet $2500?

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Level 15
Level 15

You can get UP to 2500 each year...so a total of 10K in all if you maxed out each year all four years.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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