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Tax Deductions and Credits


Common Deductions/Credits

Deductions

  • RPP/RRSP deduction
  • Split pension deduction
  • Annual union, professional or like dues
  • Child care expenses
  • Moving expenses
  • Business investment loss
  • Support payments
  • Carrying charges and interest expenses
  • Employment expenses (with T2200)

Refundable Tax Credits

  • GST/HST credit
  • Climate action incentive
  • Refundable medical expense supplement
  • Canada workers benefit
  • Employee and partner GST/HST rebate
  • Eligible educator school supply tax credit
  • Ontario trillium benefit
  • Ontario senior homeowners' property tax grant
  • Ontario seniors' public transit tax credit

 

Non-Refundable Tax Credits

  • Basic personal amount
  • Age amount
  • Spouse or common-law partner amount
  • Canada caregiver amount
  • Amount for an eligible dependant
  • CPP contributions/EI premiums
  • Canada employment amount
  • Home accessibility expenses
  • Home buyers' amount
  • Pension income amount
  • Disability amount for self/transferred from a dependant
  • Student loan interest
  • Tuition amount/transferred from a child
  • Medical expenses
  • Donations and gifts