Textbook amount is a non-refundable tax credit available for students to offset the cost of their textbooks. You can claim this amount only if you are entitled to claim an education amount.
What is textbook amount?
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Author: Simon Zhong
Child care expense paid to certain individuals is not tax deductible
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When you hire your family members to look after your child, the payments may not be qualified for child care expense deduction. In order for the payments to be tax deductible, the individual who provides the child care services cannot be:
What is education amount?
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An education amount is available to you if you who are engaged in full-time or part-time post-secondary studies.
What is student loan interest tax credit?
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You may be eligible for a non-refundable tax credit for the interest you paid on your student loans.
A list of non tax deductible legal fees
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Here is a list of legal fee expense that is not tax deductible:
A list of tax deductible legal fees
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Here is a list of legal fees that are tax deductible:
What types of loan qualify for student loan interest tax credit?
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To be eligible for a student loan interest tax credit, the interest must be on a loan under:
Some restrictions on deductible child care expense amount
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In the following situations, there are restrictions on the child care expense deduction limits:
Which spouse should claim child care expense deduction?
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If a child lives with both parents, child care expense deduction has to be claimed on the tax return of the lower income spouse. However, the higher income spouse may be able to claim the deduction if the lower income spouse is in the following situations:
What is child care expense deduction?
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Child care expenses are generally considered personal or living expenses. However, some expenses may be tax deductible if they were incurred to allow you or your spouse to earn income from employment or self-employment, to go to school, or to conduct research.