Author: Simon Zhong

The following are examples of zero-rated supplies, e.g. taxable at 0%: Basic groceries such as milk, bread, and vegetable; Agricultural products such as grain, raw wool, and dried tobacco leaves; Most farm livestock; Most fishery products such as fish for human consumption; Prescription drugs and drug-dispensing services; Certain medical devices such as hearing aids and…

In participating provinces, you pay HST rates for most of the product or services you buy. However, a point-of-sale rebate of the provincial part of HST is available for certain items. For these qualifying items, you only need to pay 5% federal part of the HST. The following items qualify for the point-of-sale rebate:

If you or your spouse or common-law partner carried on a business (other than a business whose expenditure are primarily in connection with a tax shelter), your return has to be filed on or before June 15.

Non-residents who receive rental income may choose to file a section 216 election to pay less tax. There are specific rules regarding when the tax return is due in order for the election to be valid.

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.