Tax savings … working for you!
Helping create jobs and growth for Canadians
- 1- Watch the ads: Get tax savings working for you!
- 2- Family caregiver tax credit
- 3- Public transit tax credit
- 4- Children's arts tax credit
- 5- Children's fitness tax credit
- 6- Tradesperson's tools deduction
- 7- First-time home buyers' tax credit
Watch the ads: Get tax savings working for you!
Tax savings for individuals, families and business.
Family caregiver tax credit
A non-refundable tax credit of up to $300 for taking care of an eligible dependant.
Public transit tax credit
The public transit tax credit is a non-refundable tax credit that helps individuals cover the cost of public transit.
Children's arts tax credit
A non-refundable tax credit of up to $75 per child for eligible expenses (maximum $500) of enrolling in a prescribed program of artistic, cultural, recreational, or developmental activity.
Children's fitness tax credit
A non-refundable tax credit of up to $75 per child for eligible expenses (maximum $500) of enrolling in a prescribed program of physical activity.
Tradesperson's tools deduction
Tradespersons can deduct from their income part of the cost of tools purchased throughout the year.
First-time home buyers' tax credit
First-time home buyers can claim a non-refundable tax credit of $750 for the purchase of a qualifying home.
Individuals
Family caregiver tax credit
A non-refundable tax credit of up to $300 for taking care of an eligible dependant.
Children's arts tax credit
Families may be able to claim a non-refundable tax credit of up to $75 per child for eligible expenses (maximum $500) of enrolling in a prescribed program of artistic, cultural, recreational, or developmental activity.
Children's fitness tax credit
A non-refundable tax credit of up to $75 per child for eligible expenses (maximum $500) of enrolling in a prescribed program of physical activity.
First-time home buyers' tax credit
First-time home buyers can claim a non-refundable tax credit of $750 for the purchase of a qualifying home.
Public transit tax credit
A non-refundable tax credit that helps individuals cover the cost of public transit.
Pension income splitting
Pensioners can split up to 50% of eligible pension income with their spouse or common-law partner and reduce their overall tax paid.
Volunteer firefighter tax credit
If you are a volunteer firefighter, you may be able to claim an amount of $3,000.
Tradesperson's tools deduction
Tradespersons can deduct from their income part of the cost of tools purchased throughout the year.
Businesses
Hiring credit for small business
This credit gives small business relief from the employer’s share of employment insurance by crediting up to $1,000 on the payroll account, based on the increase in the employer’s EI premiums paid in one year over those paid in the year before.
Apprenticeship job creation tax credit
An eligible salary paid to an employee in a prescribed trade in the first two years of his or her apprenticeship contract qualifies for a non-refundable tax credit for the employer.
Investment tax credit for child care spaces
Employers who carry on a business in Canada, other than a child care services business, can include a non-refundable amount in their investment tax credit calculation for each new child care space they create in a licensed child care facility they operate for the benefit of the children of their employees.
Small business deduction
For Canadian-controlled private corporations claiming the small business deduction, the net tax rate is 11%.
Corporation tax rate reduction
The corporation net tax rate decreases as follows: 18% effective January 1, 2010; 16.5% effective January 1, 2011; and 15% effective January 1, 2012.
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