Tax

As a parent you may be eligible for certain benefits or tax credits to help with expenses.

As a post-secondary student, you may be eligible for specific tax credits that reduce how much you may owe at tax time.

You can claim a tax credit for medical expenses for yourself, your spouse, and minor children that you paid in any twelve month period ending in the current tax year.

You can claim a federal and provincial non-refundable tax credit when your give money to a registered charity or qualifying organization.

Upon your death you are deemed to have disposed of your assets to your estate, which may trigger a gain or a loss. Learn more about filing a final return.

At tax time, make sure you’re reporting accurate information. Here are some common mistakes to watch out for.

If you’re an employee, your employer will deduct income tax from your pay cheque. This is known as tax deductions at source. Reducing the amount of tax withheld will increase your net take-home pay.

Your pay stub summarizes your employment earnings and other deductions for tax, EI, and CPP. Learn more about how these are calculated.