Top things families should know about taxes

top things taxes

There are many benefits, credits, and deductions to help your family with expenses throughout the year and reduce the amount you owe or increase your refund at tax time.

The following tips may help you or your family:

  • Canada child tax benefit (CCTB)
  • Good and services tax/Harmonized sales tax(GST/HST)
  • Universal child care benefit(UCCB)
  • Working income tax benefit(WITB)
  • Child care expenses
  • Children’s arts tax credit
  • Children’s fitness tax credit
  • Child disability benefit(CDB)
  • Disability amount
  • Family caregiver amount(FCA)
  • Tax-free saving account(TFSA)
  • Registered retirement saving plan(RRSP)
  • Registered education saving plan(RESP)
  • Public transit amount
  • Home buyers’ amount
  • Medical expenses

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