The deadline for filing income tax is almost here and if you still haven’t filed, TurboTax Canada is the quickest and easiest way to ensure that you get the job done on time. There are plenty of benefits that Canadian families can claim and often, those benefits are specific to certain provinces. Make sure you don’t miss out on some of these top tax credits and rebates offered in provinces across Canada!
British Columbia – Low Income Climate Action Tax Credit
This deduction helps low income individuals and families offset the carbon tax they pay. Eligible persons receive their payments four times a year, as part of their GST Credit payment.
Alberta – Family Employment Tax Credit
This program is designed to help working families provide for their children. There is no need to apply separately to get payments under this program. The information from your Canada Child Benefits application will be used to determine your eligibility for the program.
Saskatchewan – Active Families Benefit
This refundable tax credit helps families with the costs of their children’s participation in cultural, recreational and sports activities.
Manitoba – Tuition Free Income Tax Rebate
This rebate provides post-secondary education graduates with a 60% rebate on their eligible tuition fees once they begin working and paying taxes. In addition, Manitoba post-secondary students may be eligible to receive a 5% tax credit advance on their tuition fees while they are still in school.
Ontario – Land Transfer Tax Refund for First-Time Homebuyers
This refund covers all or part of the land transfer tax paid when buying a home for the first time.
Québec – Deduction for Workers
This tax deduction provides additional savings on your taxes and equals 6% of eligible work income, up to a certain maximum.
New Brunswick – Residential Property Tax Credit
This credit gives eligible homeowners money back on the provincial portion of their property taxes. The Property Tax Allowance can be added to further help low income property owners.
Newfoundland – Parental Benefits Program
This program has several money-saving components. Parents must apply for the program and the payments are not based on income.
Nova Scotia – Sport and Recreational Expenses for Children
This tax credit, also called the Healthy Living tax credit, provides an allowable tax credit of up to $500 per child to help with the cost of registering children and youth in sport or recreation activities.
Prince Edward Island – Hybrid Vehicle Tax Incentive
This incentive provides a tax rebate of up to $3,000 on the purchase of an eligible vehicle.
While I used to personally go through the effort of filling out the required information for provincial benefits I could claim, using TurboTax for the first time this year meant that the benefits were automatically calculated for me! And no matter which new benefits you’re entitled to receive, TurboTax Canada makes it easy to claim your credits through simple questions about your life that help determine your eligibility. The company even offers free tax filing for simple tax returns!
With just over twenty days until the tax deadline, now is a great time to get organized and get those taxes filed. And with TurboTax, you may be able to file in as little as thirty minutes with the added benefit of a maximum refund guarantee! It’s the quickest, easiest and most enjoyable way to ensure that you’re filing your taxes accurately, no matter what province you call home!
I didn’t know about the Land Transfer benefit. Great informative post!
Thank you, We’re going to use the land transfer tax refund too.
We got our Land Transfer Tax Refund for First-Time Homebuyers. :)
What I didn’t know that about Ontario..I’m passing that info along to family and friends
Good info
thanks for the great info.
Thanks for the info!!
I don’t have kids to use it for but good info and there are a ton of deductions we don’t know about
wow amazing information. I did not know .Thank you for sharing
Thanks for sharing these. I didn’t know about the one my province offers.