Charitable donations. The deadline for making donations for the 2024 tax year was extended to Feb. 28, 2025, given the disruption of the Canada Post strike. The draft legislation confirms that the ...

In some cases, if a tax credit is refundable, some or all of the credit is sent to the taxpayer as a tax refund. Non-refundable tax credits aren't issued as refunds. Both refundable and non ...

Additionally, remember to claim the corresponding provincial or territorial non-refundable tax credit on line 58520 of your provincial or territorial Form 428. The Canada Caregiver Credit (CCC ...

There is a tax benefit available to Canadians who are disabled, or their supporting family members, to reduce the amount of income tax they have to pay. This tax reduction is to help alleviate the ...

The benefits of your tax credit may be curbed by whether the credit you’re claiming is refundable or non-refundable. A refundable tax credit means you may be eligible for a tax refund.

At the time, Canada had three overlapping child benefit programs: a family allowance, a refundable child tax credit, and a nonrefundable child tax credit. (A refundable credit allows families to ...

Canada has a generous tax credit system ... At the federal level your non-refundable tax credit will be 15 per cent of the first $200 of donations and 29 per cent of your additional donations.

The government’s largest R&D program, SR&ED provides a refundable 35 per cent tax credit to privately owned small and medium-sized enterprises (SMEs), as well as a non-refundable 15 per cent tax ...