Which of the following statements about the tuition tax credit is FALSE?

The statement that the tuition tax credit includes costs for student accommodation is false because the tuition tax credit specifically applies to tuition fees that a student pays for eligible courses at a qualifying educational institution. While certain educational expenses may qualify for other forms of tax deductions or credits, such as student loan interest or living expenses, accommodation costs are not covered under the tuition tax credit.

In contrast, the tuition tax credit includes only the tuition fees paid, which is affirmed in the first option. The second option recognizes that some education-related expenses might be claimed, but they generally pertain to items directly associated with the courses, like textbooks or supplies, rather than accommodation. The fourth option highlights that the credit can be carried forward to future years, allowing students who may not use the full benefit in the current tax year to apply it to future taxes, which aligns with tax regulations regarding credits. Thus, the inclusion of accommodation costs in the tuition tax credit is indeed inaccurate.