Income Reported to Revenue Canada & Quebec (Non-Exhaustive)

Employment & Business Income

• Worldwide Employment Income

• Consulting & Professional Income (including private practice)

• Commission Income (including tips)

• Business Income (corporation, non-profit, trust)

• Self-Employment Income

• United Nations Income

Pension & Benefits

• Old Age Security (OAS)

• CPP or QPP Benefits

• Disability Group Insurance Income (LLP)

• Employment Insurance (EI) and other benefits

• Registered Disability Savings Plan (RDSP) Income

Family & Support Payments

• Universal Child Care Benefit (UCCB)

• Support Payments Received

Investment & Property Income

• Rental Income (including from multiplexes or real estate corporations)

• Interest Income

• Mutual Fund Income

• Dividend Income (taxable amount of eligible and ineligible dividends)

• Capital Gains (from sale of land, building, equipment, etc.)

• Foreign Income

• Royalties

Education & Other Income

• Scholarships and Bursaries

• RRSP Withdrawals

• Income from Trusts

Tax Refunds & Credits (Federal & Quebec)

General Refunds

• Low-Income Tax Refund (2000+)

• Property Tax Refund (500+)

• Property Tax Refund for Forest Producers

• QST Rebate for Employees & Partners

Home-Related Credits

• Rental Property Expenses Deduction
  Deduct: car expenses, advertising, tools, property taxes, notary fees, welcome taxes, interest, repairs, management fees, depreciation (CCA), and more.

• Home Office Deduction (for self-employed)
  Deduct: rent, utilities, internet, supplies, car, phone, meals, office furniture, clothing for work, makeup for work (e.g., performing arts), groceries (e.g., daycare), etc.

• Home Renovation Credit

  • Credit of 15% on expenses over $1,000, up to a maximum of $1,350

  • Eligible renovations include:

    • Kitchen or bathroom remodel

    • New carpet or flooring

    • Deck, fence, furnace, water heater

    • Painting, driveway resurfacing

• Home-Support Services for Seniors

• Refund for Care for a Parent ($1,057)

Family & Child-Related Credits

• Child Care Expenses Credit (up to 75%)

• Children’s Fitness Credit (max $500)

• Amount for Children in Post-Secondary Education

• Amount for Other Dependents

• Universal Child Care Benefit (reportable income)

Caregiver Credits

• Caregiver Amount ($4,095 per dependent)
  Eligibility:

  • Dependent age 18+

  • Must live with you

  • Dependent must have income < $18,081

  • Be your (or spouse's) child, grandchild, parent, or grandparent

• Amount for Severe and Prolonged Mental/Physical Impairment ($4,095 per eligible dependent)

Education, Students & Tuition

• Tuition, Education, and Textbook Amounts

• Transfer of Unused Tuition to Parent/Spouse

• Union, Professional, or Other Dues

• Examination Fees

Tip: Even with no tax owing, file to carry forward unused tuition credits.

Medical & Disability-Related Credits

• Medical Expenses Credit

  • Must exceed 3% of net income or $1,926, whichever is less

  • Includes: medications, dental, vision, surgery, etc.

  • Can be claimed even if paid outside Canada

• Disability Supports Deduction

• Treatment of Infertility (credit $7,500+)

• Volunteer Respite Services Credit

• Expenses for Medical Services Not Available in Your Area

• Designated Trust Beneficiary Credit

Moving, Transit & Environment

• Moving Expenses Deduction
  Eligibility:

  • Moved to work or run a business

  • New residence must be at least 40 km closer to workplace

• Public Transit Amount

  • Claim for self, spouse, and dependents under 19

• Fuel-Efficient Vehicle Tax Credit

• Tax Credit for Environmental Trusts

Professional, Arts & Specialized Credits

• Income-Averaging Annuity for Artists

• Top-Level Athlete Credit

• Adoption Expenses Credit
  Eligible expenses:

  • Agency fees, court/legal/admin fees

  • Travel for child/adoptive parents

  • Document translation

  • Foreign institutional fees

Investment & Political Donations

• Dividend Tax Credit

• Labour-Sponsored Funds (e.g., FTQ 15%)

• Co-op Shares (e.g., Capital Régional et Coopératif Desjardins)

• Donations & Gifts to Charities or Political Parties

  • Includes gifts of artwork, if disposed within 5 years

• Foreign Tax Credit
  For taxes paid on foreign income declared in Canada

Other Special Deductions & Credits

• Tax Credit for Reporting Tips

• Tax Credit for Repayment of Benefits

• Interest Paid on Student Loans

  • Can carry forward for 5 years if unused

• Tax Refund for Taxi Drivers/Owners ($1,000+)

• Single Parent Deduction ($10,000+)

• Living Alone Credit ($1,000+)

• Spousal Credit Transfers (to maximize refund)

• Pension Income Splitting (to reduce or eliminate tax)

• Recent Graduates Working in Remote Areas