Deductions and Credits
Maximize your tax savings by learning about eligible deductions and credits.
By Arani1 author13 articles
- How Do I Claim Credits from My Spouse or Common-Law Partner?When filing your tax return, you may be eligible to claim credits from your (former) spouse or common-law partner. Here’s how to do it in CloudTax
- What is the Disability Tax Credit (DTC) and How Do I Qualify?The Disability Tax Credit (DTC) is a non-refundable tax credit designed to help individuals with disabilities or their supporting family members reduce their tax liability.
- How Do I Claim the Disability Tax Credit (DTC) on My Taxes?If you’ve been approved for the Disability Tax Credit (DTC), you can claim it on your tax return to reduce the amount of income tax you owe.
- How Do I Claim the Disability Tax Credit (DTC) on My Taxes?
- How Do I Claim the Disability Tax Credit (DTC) on My Taxes?Here’s what you need to know about Form T2201 and how to get it approved by the Canada Revenue Agency (CRA)
- What is the Northern Residence Deduction?The Northern Residents Deduction helps offset higher living costs for individuals living in prescribed northern or isolated areas in Canada.
- What Northern zone am I in?To determine if you're in Northern Zone A or B, check the CRA’s list of prescribed northern and intermediate zones. Here’s how to find out.
- What can I claim as a moving expense?If you moved for work, school, or business and your new home is 40 km closer, the CRA lets you deduct certain moving expenses.
- What is the Canada Workers Benefit (CWB)?The Canada Workers Benefit (CWB) is a refundable tax credit that supports low-income individuals and families by supplementing their employment income.
- What Is the Difference Between a Refundable and Non-Refundable Tax Credit?Tax credits reduce your tax bill or give money back. Knowing refundable vs. non-refundable credits helps maximize your tax benefits.
- What Is the Canada Caregiver Credit and Who Qualifies?The CCC is a non-refundable tax credit for those supporting a spouse, partner, or dependent with a physical or mental impairment.
- What Can I Claim for Donations and Gifts on My Tax Return?You can claim eligible donations and gifts made to registered charities or qualified donees to reduce your tax bill.
- How Unused Tuition Fees Work in Canada (Carryforward Explained)