Subscribe to this list via RSS Blog posts tagged in Tax Credit
Here are some more tax credits and deductions available that you may be able to claim if applicable to your situation: ·         Volunteer firefighter tax credit: Volunteer firefighters may be able to claim a non-refundable tax credit of up to $450. ·         Tradesperson's tools deduction: Tradespersons may be able to deduct up to $500 from their income part of the cost of tools bought throughout the year. ·         Child care expenses deduction: Parents may be able to deduct from their income the allowable amount of child care expenses. ·         First-time donor's super credit: From 2013 to 2017, first time donors may...
Continue reading
Rate this blog entry:
0
Haven’t filed your taxes yet? Here is a refresher on the tax credits and deductions available this tax season.  If applicable to your situation, you may be able to apply for one or more of the following amounts: ·         Canada child benefit: The CCB is a tax-free monthly amount paid to eligible families to help them with the cost of raising children under the age of 18. Families could get up to $6,400 annually for each child under 6 and $5,400 annually for each child aged 6-17. ·         Northern residents deductions:  You may be eligible for a deduction based on the...
Continue reading
Rate this blog entry:
0
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...
Continue reading
Rate this blog entry:
0
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...
Continue reading
Rate this blog entry:
0
Subscribe

If you have a question about one of our products or services, please do not hesitate to contact us!
Please Enter Your Name
Please Enter A Valid Email
Please Enter Your Phone Number
Please select your preferred method of contact.
Refresh Please letters shown!

KD Professional Services
Monday-Friday 9am- 5pm
102, 221 18th Street SE
Calgary, AB, T2E 6J5

403-219-0602
403-219-0603

Read our Tweets