Are you eligible for the caregiver amount If you have a parent or grandparent over the age of 65 living with you, even if they are not your dependent you could be eligible for the caregiver amount, depending on their… {Read more}
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Students Savings – Tuition Fees
Claim your eligible tuition fees Tuition fees paid to attend your post-secondary educational institution for the tax year in question may be claimed. Enter the tuition amount on line 320 of Schedule 11, Tuition, Education, and Textbook Amounts.
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Pre-budget consultations highlighting actions to cut red tape
Minister Findlay hosts pre-budget consultations with local business leaders and highlights the Government of Canada’s actions to cut red tape January 19, 2015 – Kelowna, BC – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of… {Read more}
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Student savings – Interest paid on your student loans
Claim the interest paid on your student loans You may be able to claim an amount for the interest paid on your student loan in 2014 for post-secondary education. You can also claim interest paid over the last five years… {Read more}
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Student savings – Eligible moving expenses
Claim your eligible moving expenses If you moved for your post-secondary studies and you are a full-time student, you may be able to claim moving expenses. These expenses can only be deducted from the part of your scholarships, fellowships, bursaries, certain prizes, and… {Read more}
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Student savings – GST/HST credit
GST/HST credit If you are turning 19 before April 1, 2015, you may be eligible for the GST/HST credit. The CRA will determine your eligibility when you file your 2014 income tax and benefit return and will send you a notice of determination… {Read more}
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Student savings – Child care expenses
Claim your child care expenses If you pay someone to look after your child while you go to school, you may be able to deduct child care expenses. The deduction will vary depending on whether the student is enrolled in… {Read more}
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Students Savings – Education amount
Claim the education amount As a full-time student (or a part-time student who can claim the disability amount or has a certified mental or physical impairment), you can claim $400 for each month you were enrolled in an educational institution. As a… {Read more}
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Student savings – Public transit amount
Claim the public transit amount Public transit passes may be claimed. Keep your transit passes for local buses, streetcars, subways, commuter trains, and local ferries, and enter your total public transit amount on line 364 of Schedule 1, Federal Tax.
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Student savings – Text book amount
Claim the textbook amount Claim this amount only if you are entitled to claim the education amount. You can claim: $65 for each month you qualify for the full-time education amount. Enter this amount on line 7 of Schedule 11; or $20… {Read more}