Category: Tax Tips
-
Allowable motor vehicle expenses
You can deduct your motor vehicle expenses if you meet all of the following conditions: You were normally required to work away from your employer’s place or business or in different places. Under your contract of employment, you had to pay your own motor vehicle expenses. You did not receive a non-taxable allowance for motor […]
-
Medical Expense Tax Credit (METC)
What’s New for 2012 Family caregiver amount If you have a dependant with an impairment in physical or mental functions, you could be eligible for an additional amount of $2,000 in the calculation of certain non-refundable tax credits. For more information, see Family caregiver amount. Medical expenses (lines 330 and 331) – Prescribed blood […]
-
Childcare Expenses
Child care expenses are amounts you or another person paid to have someone look after an eligible child so that you or the other person could: earn income from employment; carry on a business either alone or as an active partner; attend school under the conditions described in Educational program; or carry on research or […]
-
Tax breaks for students
Even if you have little to no income in the year, filing a tax return has its advantages – it’s the only way to receive all the benefits that are available to you. If you are 19 or over, you are eligible for the annual GST/HST credit. To obtain this money, which is paid in […]