What is medical expense tax credit?

There are two types of medical expense tax credit: refundable tax credit and non-refundable tax credit. This article is about non-refundable tax credit. You can claim tax credit for eligible medical expenses paid for yourself, your spouse or common-law partner, or your children under 18 years old. For 2014, the amount that can be claimed…

What is children’s arts amount?

Children’s arts tax credit is a non-refundable tax credit for parents who register their children in certain programs of artistic, cultural, recreational, or developmental activities.

Who is qualified for working income tax credit

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:

What is age amount

Age amount is an extra credit to seniors. You qualify for age amount if you were 65 years of age or older on December 31 of the year you file your tax return.