Click here to learn about Canada’s COVID-19 Economic Response Plan and support available for individuals and businesses

March 30, 2015

Share on:

Don’t miss these deductions on your tax return this year.

  1. Children’s Fitness Tax Credit: If your children played soccer, took horseback riding lessons or participated in other eligible physical activity programs you may claim up to $1,000 per child, of the cost of these programs.
  1. Education Tax Credit: You may claim an education tax credit of $400 for each month you were a full-time student. You may claim $120 for each month if you were a part-time student.
  1. Children’s Arts Credit: If your children took part in artistic, cultural, recreational, or developmental activity you may claim up to $500 per child, of the cost of these programs.
  1. First-time Charitable Donors: The First-time Donor’s Super Credit supplements the value of the Charitable Donations Tax Credit by an additional 25% for the first $1,000 donated by individuals who have never claimed a credit for charitable donations. The supplement  applies to monetary donations made after March 20, 2013.
  1. Moving Expenses: If you moved within Canada for work or to attend a full-time post-secondary program, and your new location is at least 40km closer to your new place of work or school, moving expenses may be an allowable tax deduction.

If you made a mistake on your tax return the CRA offers three ways to make changes.

For more information on tax returns visit the CRA website or contact your trusted Smythe Ratcliffe advisor.

Sign up to receive our newsletter