Here are the other employment expenses you can deduct as a salaried employee: Parking: You can deduct parking costs related to earning your employment income. Generally, however, you cannot deduct the cost of parking at your employer’s office, such as monthly or daily parking fees or the cost of traffic infractions such as speeding tickets. These are all personal costs. Supplies: You can deduct the cost of supplies you paid for or that were paid for you and included in your income. Supplies are only those materials you use directly in your work and for no other purpose. Supplies include materials...
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As a salaried employee, you may be able to claim a deduction for employment expenses if you incurred any of the following expenses: Accounting and legal fees: You can deduct any legal fees you paid in the year to collect or establish a right to collect salary or wages. You can also deduct legal fees you paid in the year to collect or establish a right to collect other amounts that must be reported in employment income even if they are not directly paid by your employer. Please note that you must reduce your claim by any amount awarded to you...
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Let’s look at more tax credits that Alberta offers for this tax year.  -      Political contribution tax credit:  You can claim this credit if you contributed to a registered Alberta political party, a registered candidate or a registered constituency association in an election held under the Election Act for this province or a registered Alberta political party that has nominated a candidate or a registered candidate in an election held under the Senatorial Selection Act for this province. -      Provincial foreign tax credit:  If your federal foreign tax credit on non-business income is less than the related tax you paid to...
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Tax rates for Alberta for the tax year 2016 are as follows: -      10% on the first $125,000 of taxable income, + -      12% on the portion of taxable income more than $125,000 but not more than $150,000, + -      13% on the portion of taxable income more than $150,000 but not more than $200,000, + -      14% on the portion of taxable income more than $200,000 but not more than $300,000, + -      15% of taxable income over $300,000. Alberta offers credits which further reduce your amount of provincial tax payable. Here are some of them: -      Alberta additional tax...
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