tax credit
Loopholes Tagged "tax credit"
Plain-English guides to Canadian legal rights and workarounds related to tax credit.
Attendant Care Claim — Claim Care Costs as Medical Expenses Instead of Ignoring Them
Attendant care costs can often be claimed as medical expenses, which many families miss when they focus only on basic doctor or drug receipts.
Canada Workers Benefit — Refundable Tax Credit Up to $2,616 for Low-Income Workers
The Canada Workers Benefit is a refundable tax credit worth up to $1,428 for individuals and $2,461 for families — and you can receive up to 50% of it as quarterly advance payments throughout the year instead of waiting for your tax refund.
Fertility Treatment Medical Credit — Claim IVF and Related Costs That Families Often Miss
Many fertility treatment costs, including eligible IVF-related amounts, can qualify as medical expenses and reduce tax when properly documented.
Gluten-Free Medical Expense Claim — Some Celiac-Related Food Cost Differences Can Be Claimed
People with celiac disease can sometimes claim the extra cost of qualifying gluten-free food products over normal alternatives as medical expenses if they keep careful records.
Medical Expense Tax Credit — The Overlooked Eligible Items
The CRA's Medical Expense Tax Credit covers far more than prescriptions and dentist bills — travel to appointments, home renovations for disability, fertility treatments, service animals, and dozens of other expenses most Canadians never claim.
Home Accessibility Tax Credit (HATC) — Up to $3,000 Back on Renovation Costs
Canadians 65+ or those eligible for the Disability Tax Credit can claim a 15% federal tax credit on up to $20,000 of qualifying accessibility renovations per year.
Canada Caregiver Credit — Claim Extra Tax Relief When Supporting an Infirm Relative
The Canada caregiver credit can reduce tax when you support an infirm spouse, child, parent, grandparent, or other eligible dependant.
Pension Income Splitting (T1032) — Cut Your Retirement Tax Bill in Half
Retired couples can allocate up to 50% of eligible pension income to the lower-earning spouse simply by filing Form T1032 — reducing taxes, avoiding OAS clawback, and unlocking the pension income tax credit.
Student Loan Interest Tax Credit — Claim Current or Prior 5 Years of Government Loan Interest
CRA lets borrowers claim eligible interest paid on government student loans in the current year or carry it forward for up to five years.