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To qualify for the HBTC, first, you have to be first time home buyer. That means you did not lived in another home owned by you or your spouse or common-law partner in the year of purchase or in any of the four preceding years.
Tuition, education, and textbook amounts are non-refundable tax credits to post-secondary students and their families for the cost the courses.
Tuition fees qualify for a non-refundable tax credit.
Employees are restricted in the types of deductions they can claim. Union and profession due is one of the deductions provided for in tax rules that are allowed against employment income.
If you receive a lump-sum payment for the universal child care benefit (UCCB), parts of which were for a previous year, you must report the full amount on your tax return.
Unlike Canada child tax benefit (CCTB), universal child care benefit (UCCB) is a taxable income. UCCB has to be included in your taxable income for calculation of your income tax payable.
Adjusted family net income for Canada child benefit is your family net income minus any universal child care benefit (UCCB) and registered disability savings plan (RDSP) income received plus any UCCB and RDSP amounts repaid.
The following lists the approximate income level where you no longer receive the Canada child tax benefit (CCTB) for tax year (base year) 2009 to 2011. The income here means adjusted family net income.
The following lists the approximate income level where you no longer receive the Canada child tax benefit (CCTB). The income here means adjusted family net income.
The Canada child tax benefit (CCTB) is a non-taxable amount paid monthly to help eligible families with the cost of raising children under 18 years of age.