Tax Credits

What is a tax credit? How can I use them?

Tax Credits

These credits lower the amount you need to pay taxes on.

There are two types of tax credits: Refundable tax credits: These credits will be paid to you if you are eligible even if you do not owe anything.

Overpayment of CPP and EI

Climate action incentive

Canada Workers Benefit (CWB)

Eligible educator school supply

Non-refundable tax credits: These credits will lower your amount payable to zero, but it cannot be refunded.

Personal amount

Age amount

Spouse or common-law partner amount

Eligible dependent amount

Canada Caregiver Amount

Infirm/caregiver

CPP/QPP/PPIP/EI premium tax credit

Volunteer firefighters’ amount

Canada Employment amount

Home accessibility expenses

Home buyers’ amount

Adoption Expenses

Pension income amount

Disability amount

Transfers

Interests on student loans

Tuition/education

Medical Expenses

Donation and gifts

If you have any questions, email us at info@rbtj.ca.