What you can deduct

There are many deductions and tax credits that, if they apply to you, you claim to reduce the amount of tax you must pay.

What you can deduct – Deduction and Tax Credit topics A to Z and lines 206 to 485

Where to report deductions and tax credits

Deductions from income and tax credits are reported on lines 206 to 485.

Lines 206 – 236 are generally deducted from line 150 – total income to give you your net income amount (line 236).

Lines 244– 260 are generally deducted from line 236 – net income to give you your taxable income amount (line 260).

Lines 300 – 350 are generally non-refundable tax credits and reduce your federal tax. However, if the total of these credits is more than your federal tax, you will not get a refund for the difference.

Lines 409 – 485 cover your federal and provincial or territorial taxes payable, your federal and provincial or territorial tax credits and your refund or balance owing amounts. The federal and provincial or territorial tax credits reduce your tax payable. If the total of these credits is more than your total tax, you could get a refund for the difference.

Remember to complete the provincial or territorial tax and credit forms for the province or territory where you resided on December 31, 2005.

Forms and publications

• General Income Tax and Benefit Guide
• Provincial and territorial tax and credit forms