It is my understanding that if the Student has Little Income...it is recomended that they
Transfer the Full $5000.00 amount to Parent and or Carry It Forward to be used when they have
a source of Income after Grad.
"Unused Tuition Amount" ...I believe is the "Amount" that is "Not" being used up by the Student
and or Transfered to Parent this year.............it is the what is left to be Carried Forward by Student
if chosen so.
This Page helped me and has the "T2202A" Form you may need......
Transferring and carrying forward amounts
Students must claim their tuition, education, and textbook amounts on their return and apply the amount that is required to reduce their own federal tax payable to zero, before they can calculate and transfer an unused amount to an eligible individual, even if someone else paid their fees. However, the student may be able to transfer part or all of these amounts to his or her spouse or common-law partner (who would claim it on line 326 of his or her Schedule 1), their parent or grandparent or to their spouse or common-law partner's parent or grandparent (who would claim it on line 324 of his or her Schedule 1).
The maximum amount you can transfer in a year is $5,000, minus the amount the student uses, even if there is an unused tuition, education, and textbook amount remaining.
Students can carry forward indefinitely and claim in a future year the part of their tuition, education, and textbook amounts they cannot use (and do not transfer) for the year. However, if they carry forward an amount, they will not be able to transfer it to anyone. They have to claim their carry-forward amount in the first year that they have to pay federal tax.
Complete Schedule 11 to report your eligible tuition, education, and textbook amounts for the year, and any unused amounts carried forward from previous years that are shown on your notice of assessment or notice of reassessment for the previous year. Claim your eligible tuition fees, education amounts, and textbook amounts based on the calendar year the course was taken and not the year the fees were paid.
Even if you do not have to pay tax and you are carrying forward all or part of your tuition, education, and textbook amounts, you should file your return and attach a completed Schedule 11 so we can update our records with your unused tuition, education, and textbook amounts available for carry forward to other years.
If you are transferring an amount to your spouse or common-law partner, they have to complete Schedule 2. Depending on their province or territory of residence, they may have to complete Schedule 2 to calculate their provincial and territorial transfer amounts.
To designate your transfer, complete and sign the back of the following applicable forms: