Tax Credit

Tax CreditTax Credit

It is important to know which tax credit you are eligible for if you are doing your own taxes or having someone else doing your taxes for you. Nobody cares more about the money that is owed to you than you do, even if they are professional. Research these tax credits and find out if you are eligible:

1. Basic Personal Tax Credit

2. Spousal Credit: if your spouse earns less than 10,000

3. Wholly dependent person credit: Single parents

4. Charitable donations credit: you need an official receipt

5. Education Tax Credits: Tuition & Federal: carried forward claims are possible

6. Medical Expenses Credit: Receipts needed, this includes cost of travel insurance

7. Pension income credit

8.  Age 65 or older (Age credit)

9. Disability credit

10. Caregiver’s credit (In home care for elderly relatives)

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