By Tim Cestnick
I came across this article which gives useful advice and tips to help you prepare your return:
The one difference of opinion I have with the author is the comment expressed in Tip No 5 recommending the transfer of unused tuition and education credits to a parent. While this is certainly an option (it can be spouse, parent or grandparent), since the 1997 tax year, unused credits of this nature can be carried forward to future years.
Two points worthy of note;
The carry forward tuition fee cannot be transferred to any other person in future years
A student cannot hold on to these amounts for future years without reporting them in the same year for which the student received Form T2202.
Depending on the circumstances, why might a carry-forward be a good option?
The excess tuition and education credits can be offset at a future time when the student completes their studies and enters the job market. Depending on the size of the credits carried forward, they may be eligible for a significant refund in their first year of full-time employment.