Canada Tax Credit | Refundable Tax Credit Canada

Canada Tax Credit | Canadian Tax Credits

The Canada Tax Credit site will assist your tax planning to maximize your tax credits. The goal of this site is to be a reference site for easy to understand Canadian tax credit programs and systems.

Types of Canada Tax Credit:

GST Tax Credit | Low Income Tax Credit | Health Tax Credit |

Public Transit Tax Credit | Tuition Tax Credit | Education Tax Credit |

Family Tax Credit | Medical Tax Credit | Child Fitness Tax Credit |

2009 Home Renovation Tax Credit | Property and Sales Tax Credit |

Child Care Tax Credit and Benefit Programs |

Please note that there are the following two types of Tax Credit in Canada.

Refundable Tax Credits can reduce the tax owed below zero, and result in a net payment to the taxpayer beyond their own payments into the tax system, appearing to be a moderate form of negative income tax. Examples of refundable tax credits include the earned income tax credit and the additional child tax credit in Canada.

Non-refundable Tax Credits cannot reduce the tax owed below zero, and hence cannot cause a taxpayer to receive a refund in excess of their payments into the tax system.