One-stop Canadian tax information center
This article is applicable for year 2014. Children’s fitness tax credit is a non-refundable tax credit to encourage parents to register a child in certain physical-fitness activity programs.
If you had an eligible spouse, only one of you can claim the basic working income tax benefit (WITB). The person who receives the WITB advance payments is the person who must claim the basic WITB for the year.
Working income tax benefit (WITB) is a refundable tax credit available to lower-income individuals and families who have earned income through employment or business.
Adjusted family net income is one of the two amounts used to calculate the working income tax benefit (WITB). To calculate adjusted family net income, you first add back the following amounts into your net income amount from line 236 of your return:
Working income is one of the two amounts used to calculate the working income tax benefit (WITB). Working income is the sum of:
An eligible spouse for the purpose of the working income tax benefit is a person who meets all the following conditions:
Eligible dependant for the purpose of the working income tax benefit (WITB) is a person who meets all the following conditions. He or she:
Working income tax benefit (WITB) is a refundable tax credit available to lower-income individuals and families who have earned income through employment or business. To be eligible for this credit, you have to meet all of the following conditions:
In 2012, the full age amount you can claim on line 301 on Schedule 1 is $6,720 giving you a tax credit of $1,008. However, the age amount you are able to claim is reduced by 15% of your net income (at line 236 of your tax return) in excess of $33,884. The age amount will…
In 2013, the full age amount you can claim on line 301 on Schedule 1 is $6,854 giving you a tax credit of $1,028. However, the age amount you are able to claim is reduced by 15% of your net income (at line 236 of your tax return) in excess of $34,562. The age amount will…