Easily Missed Tax Credits and Deductions
The Canada Revenue Agency (CRA) administers personal income tax. When filing your tax return, you can claim certain credits, deductions, and expenses to reduce the tax you owe. The official website lists all claimable items, some of which are often overlooked, such as medical expenses, moving expenses, child care expenses, and home office expenses.
All Deductions, Credits, and Expenses
The CRA provides a complete list of deductions, credits, and expenses you may claim when completing your tax return. The official page states: "Find deductions, credits, and expenses you can claim on your tax return to help reduce the amount of tax you have to pay."
Family, Child Care, and Caregivers
You can claim amounts for your children, eligible dependants, and spouse or common-law partner. For example, child care expenses may fall under this category.
Education
You may claim amounts for post-secondary and adult basic education for yourself and others.
Disability
If someone has an impairment in physical or mental functions, you can claim disability-related credits, such as the Disability tax credit.
Pension and Savings Plans
You can claim amounts for pension and savings income, contributions to CPP, QPP, and RRSPs.
Employment Expenses and Credits
You can claim common deductions and credits related to your employment income, such as home office expenses for employees.
Provincial and Territorial Tax
Each province and territory (including Alberta) has its own income tax and credits. Check your province's tax information.
How to Verify
For the full list of claimable items, visit the CRA's "Claiming deductions, credits, and expenses" page. The CRA also offers an online learning tool, "Learn about your taxes," to help you understand taxes on your own.
Note: This guide only conveys official information and does not provide tax advice. For eligibility and amounts, refer to the CRA website.
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