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Credits

Amounts subtracted from the tax itself, after it has been worked out.

5 articles in this topic

  • T4 boxes 44 to 56: dues, donations and pension adjustment

    Boxes 44, 46, 50, 52, 55 and 56 of a T4 cover union dues, payroll charitable donations, your pension plan number, the pension adjustment and Quebec parental insurance.
    T4 slipDeductionsCredits

  • CPP contributions on your return

    Your CPP contributions are split on the T1: the base part is a credit on line 30800 and the enhanced part, with all of CPP2, is a deduction on line 22215.
    CPP and EICreditsDeductions

  • EI premiums on your return

    Employment Insurance premiums in box 18 of your T4 become a non-refundable credit on line 31200. Two jobs in one year can push you over the maximum.
    CPP and EICreditsTax already taken off

  • Deductions Hypertax handles

    A deduction lowers the income your tax is worked out on. The pension, RRSP, union dues, CPP and moving-expense deductions Hypertax can claim on a T1.
    DeductionsCreditsWhat Hypertax covers

  • Credits Hypertax handles

    A credit comes off the tax itself. This page lists the credits Hypertax can claim on a Canadian T1, the ones it refuses, and why a benefit is not a credit.
    CreditsDeductionsWhat Hypertax covers

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