6004

Deductions, Credits, & Rebates

 

List of common tax deductions and tax credits to help you prepare to file your Canada income taxes.

 Your Liberty Tax Service consultant is prepared to help you maximize the value of these potential deductions and credits.

As a taxpayer, you may qualify for the following deductions and credits:

  • Pension adjustment
  • Registered Pension Plan (RPP) deduction
  • Registered Retirement Savings Plan (RRSP) deduction
  • Saskatchewan Pension Plan (SPP) deduction
  • Deduction for elected split-pension amount
  • Annual union, professional, or like dues
  • Universal Child Care Benefit (UCCB) repayment
  • Child care expenses
  • Disability support deduction
  • Business investment loss
  • Moving expenses
  • Support payments made
  • Carrying charges and interest expenses
  • Deduction for Provisional Parental Insurance Plan (PPIP) premiums on self-employment income
  • Exploration and development expenses
  • Other employment expenses
  • Clergy residence deduction
  • Social benefits repayment
  • Canadian Forces personnel and police deduction
  • Employee home relocation loan deduction
  • Security options deductions
  • Limited partnership losses of other years
  • Non-capital losses of other years
  • Net capital losses of other years
  • Capital gains deduction
  • Northern resident deduction
  • Basic personal amount
  • Age amount
  • Spouse or common-law partner amount
  • Amount for an eligible dependant
  • Amount for infirm dependants age 18 and older
  • Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) contributions on self-employment and other earnings
  • Employment Insurance (EI) premiums
  • Adoption expenses
  • Pension income amount
  • Caregiver amount
  • Disability amount
  • Disability amount transferred from a dependant
  • Interest paid on your student loans
  • Tuition, education, and textbook amounts
  • Tuition, education, and textbook amounts transferred from a child
  • Amounts transferred from your spouse or common-law partner
  • Medical expenses for self, spouse or common law partner, and your dependent children born in 1989 or later
  • Allowable amount of medical expenses for other dependants
  • Donations and gifts
  • Public transit passes amount
  • Children’s fitness amount
  • Provincial Parental Insurance Plan (PPIP) premiums paid
  • Provincial Parental Insurance Plan (PPIP) premiums payable on employment income
  • Provincial Parental Insurance Plan (PPIP) premiums payable on self-employment income
  • Federal foreign tax credit
  • Federal political contributions
  • Investment tax credit
  • Labour-sponsored funds tax credit
  • Federal dividend tax credit
  • Overseas employment tax credit
  • Minimum tax carryover
  • Total income tax deducted
  • Tax transfer for residents of Quebec
  • Refundable Quebec abatement
  • Canada Pension Plan (CPP) overpayment
  • Employment Insurance (EI) overpayment
  • Refundable medical expense supplement
  • Working Income Tax Benefit (WITB)
  • Refund of investment tax credit
  • Part XII.2 trust tax credit
  • Employee and partner Goods and Services Tax/Harmonized Sales Tax (GST/HST) rebate
  • Tax paid by installments
  • Provincial or territorial credits