Economical Tax can claim for you the following tax credits online:
The family caregiver tax credit: an amount of 2000$ that provides tax relief to caregivers of infirm dependant relatives.
The family caregiver tax credit: an amount of 2000$ that provides tax relief to caregivers of infirm dependant relatives.
The medical expense tax credit : now you can exceed the 10000 $ limit on the amount of eligible expenses a caregiver can claim in respect of financially dependent relatives.
The First-Time Home Buyers’ Tax Credit: Assists first-time home buyers with the costs associated with the purchase of a home, such as legal fees.
The Children’s Fitness Tax Credit – Canadian families can claim a 15 per cent non-refundable tax credit on an amount up to $500 for the cost of registering a child in eligible physical activity programs, such as soccer or hockey teams.
The Hiring Credit for Small Business – Small businesses that meet certain criteria and paid more in Employment Insurance premiums in 2012 over 2011 are eligible for the credit, which puts up to $1,000 back into the accounts of job creators.
The Children’s Arts Tax Credit – Canadian families can claim a 15 per cent non-refundable tax credit on an amount up to $500 for the cost of registering a child in eligible artistic, cultural, or other programs, such as music lessons or tutoring.
The Apprenticeship Job Creation Tax Credit – Provides employers with a tax credit of up to 10 per cent of the eligible wages payable to eligible apprentices. The maximum credit an employer can claim is $2,000 per year for each eligible apprentice. For the 2011 tax yea
The Tradesperson’s Tool Deduction – Allows tradespeople to deduct from their income part of the cost of tools purchased throughout the year.
The Textbook Tax Credit – In order to better recognize the cost of textbooks, this credit provides increased tax relief to students in addition to the Tuition and Education Tax Credits. Students must first claim their credit on their own returns, but may be able to transfer unused amounts to a parent, grandparent, spouse or common-law partner.
The Universal Child Care Benefit (UCCB) – Gives families with young children more choice in child care by providing $100 per month for each child under age six.
The Tax-Free Savings Account (TFSA) – Allows all Canadians to earn tax-free income through a range of investment products.
The Registered Disability Savings Plan – A long-term savings plan to help Canadians with disabilities and their families save for the future.
The Canada Employment Credit (CEC) – A 15 per cent non-refundable tax credit on an amount of $1,095 in employment income.
The Public Transit Tax Credit – Allows Canadians to claim the full amount they spend on eligible transit passes for the year.
The Volunteer Firefighters’ Tax Credit – Available to any volunteer firefighter who serves at least 200 hours per year at one or more fire departments in their community.
For more information : see http://www.cra-arc.gc.ca/taxsavings/.
For more information : see http://www.cra-arc.gc.ca/taxsavings/.
