Tax Credits in Canada: A Simple Guide for Individuals and Families

What are all the credits available to a tax payer?

MAIN TAX CREDITS (FEDERAL – CANADA)

1. Basic Personal Amount

• Every person gets this

• You pay no tax on the first part of your income

• Around $15,000 is tax-free

  
  

2. Canada Child Benefit (CCB)

• Monthly money for parents

• For children under 18

• Amount depends on your income

• his is tax-free money

  
  

3. Tuition Credit

• If you go to college or university

• You get a credit for school fees

• You can save it for future years

  
  

4. Age Amount (65+)

• If you are 65 or older

• You pay less tax

  
  

5. Disability Tax Credit

• If you have a long-term disability

• Doctor must fill out a form

• Helps lower your tax

  
  

6. Medical Expense Credit

• For:

  • Dental

  • Glasses

  • Prescriptions

  • Therapy

• You can claim for yourself and your family

  
  

7. Child Care Expense Credit

• If you pay for daycare or babysitter

• So you can work or go to school

• You pay less tax

  
  

 8. Employment Credit

• If you worked as an employee

• Small automatic credit

  
  

9. Home Accessibility Credit

• If you renovate for seniors or disability

• Example: wheelchair ramp, walk-in shower

  
  

10. Spouse or Dependant Credit

• If you support:

  • A spouse

  • A child

  • A dependent family member

• With little or no income

  
  

11. Donation Credit

• If you donate to:

  • Charity

  • Church

  • Temple

  • Mosque

• You get tax back for giving

  
  

 12. Climate Action Incentive (Carbon Rebate)

• Most Canadians get this

• Paid every 3 months

• Helps with carbon tax costs

  
  

*PROVINCIAL CREDITS

Each province also gives:

• Rent credits

• Property tax credits

• Low-income credits

• Energy credits

(These depend on where you live.)