Charitable donation is a non-refundable tax credit for the donations and gifts.
What is charitable donation credit?
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Tag: schedule 1
What is refundable medical expense supplement?
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Refundable medical expense supplement is a refundable tax credit for working individuals with low income and high medical expenses.
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 age amount
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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.
How much age amount you can claim on line 301 for 2012
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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…
How much age amount you can claim on line 301 for 2013
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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…
How much age amount you can claim on line 301 for 2014
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In 2014, the full age amount you can claim on line 301 on Schedule 1 is $6,916 giving you a tax credit of $1,037.40. 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 $34,873. The age amount will…
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.