Charitable donation is a non-refundable tax credit for the donations and gifts.
What is charitable donation credit?
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Tag: non-refundable tax credit
What is children’s arts amount?
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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.
What is children’s fitness amount
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Children’s fitness tax credit is a refundable tax credit to encourage parents to register a child in certain physical-fitness activity programs.
What is children’s fitness amount 2013
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This article is applicable for year 2013 and earlier years. See Children’s Fitness Tax Credit (CFTC) new changes announced by the government in October, 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.
What is children’s fitness amount – 2014
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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.
What is amount for infirm dependants age 18 or older
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To claim amount for infirm dependants age 18 or older, the dependant must have been dependent on you, or on you and others, by reason of physical or mental impairment.
How much is amount for an infirm dependant aged 18 or older for 2014?
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In 2014, the full amount for infirm dependants age 18 or older is $6,589, which includes the $2,058 family caregiver amount, providing you with a maximum tax credit of $988.35 (15% of $6,589). The credit is a non-refundable tax credit. The amount is reduced dollar by dollar by your dependant’s net income (line 236 of his or…
What is caregiver amount?
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If, at any time during the year, you (either alone or with another person) maintained a dwelling where you and one or more of your dependants lived, you may claim this credit for each dependant.
What is public transit tax credit?
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Public transit amount is a non refundable tax credit for the cost of public transit passes for travel in Canada on local buses, streetcars, subways, commuter trains, or local ferries.
What is a tax credit?
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A tax credit reduces an individual’s tax payable. Rather than specifying the amount of each credit, in Canadian tax system, most credit is calculated by multiplying the base amount by the lowest tax rate. For example, the basic personal credit for 2011 is $1,579.05. It is calculated by taking 15% of $10,527.