Canada what can i claim on my taxes

Suwalski counted work-from-home days last year. Which method should you choose if you worked from home this year? Golombek said the flat rate method may be the best option if you're a homeowner, because it's easier and chances are you'll come out ahead. That's because employees can't claim mortgage payments — typically a homeowner's biggest monthly bill — as a home office expense. While homeowners can't claim their mortgage payments, renters can claim a portion of their rent based on the size of their home office space compared to their entire home.

As a result, Golombek says they may reap bigger rewards by choosing the detailed method. Golombek also points out one of the new wrinkles this tax season, which is that the government is offering a tax credit to people who subscribed to digital news services in If you still have questions about your taxes, you can call the CRA tax information line at The agency said it has beefed up resources at its call centre, as it anticipates higher than normal call volumes this tax season.

Sophia Harris covers business and consumer news. Contact: sophia. A variety of newsletters you'll love, delivered straight to you.

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We reserve the right to close comments at any time. Many of us can take advantage of tax breaks if we keep good records of our spending throughout the year. If you make more than that, you can claim smaller amounts based on a percentage of your income.

Charitable donations will grab you some dough come tax time. In some cases, you can get close to a quarter of what you donated back! This does not include the various grants available to homebuyers from Provincial governments. These include the property transfer tax grant, property tax grants, and more. Check with your Provincial government to find out what grants and credits you are eligible for as a first-time homebuyer.

Expenses relating to medical issues that are not covered by your healthcare, such as ambulance services or therapy animals, can be claimed on your taxes. If your job requires you to be a member of a union and you have to pay dues as a part of that, make sure you claim those dues on your taxes. Being a parent in Canada is expensive. Luckily, we live in a country where the government recognizes both the expense in raising a child and the value in investing in our future.

Thanks to this attitude in Canada, there are quite a few tax credits, benefits, and deductions you can claim when tax time comes around, to ease some of the financial strain of raising your babies. It's tax season again, and Dawn Kennedy from the Canada Revenue Agency has some tips on what you can claim this time around. A dedicated room with a door, or open concept — a corner of a rec room for example — where you have to calculate the percentage of the room where you actually work.

At least 50 per cent of that time you're working from home," Kennedy said. Kennedy said there's a simplified method and a detailed method to look into when filing your next tax claim. For the simplified method, Kennedy said, no calculations are required. You may have a big space in your home that you're using. Things like heat, internet, maintenance of your home, you may have to buy supplies — those types of things can add up.