Provides tax savings on the cost of monthly public transit passes or passes of longer duration such as an annual pass for travel within Canada on public transit.
You must ensure that you have both the copy of the receipt and the transit pass in case of an audit or the deduction may disallowed.
Starting 2017 the non-refundable public transit credit for amounts paid for eligible transit passes (including eligible electronic payment cards) for the use of public transit services after June 2017 has been eliminated.
If you were an employed tradesperson (including an eligible apprentice mechanic), you may be able to claim deduction for eligible tools up to a maximum of $500 of the cost of eligible tools bought to earn your employment income. Generally you need a minimum of 1500.00 to take advantage of this deduction but submit the total of the tools purchased so we can confirm this each year.
Important facts
Apprentice Mechanics
Even though you may have already claimed the tradesperson's deduction for tools, you may also be able to deduct a part of the cost of eligible tools you bought in the tax year to earn employment income as an eligible apprentice mechanic. This cost includes any GST and provincial sales tax, or HST, you paid.
A volunteer firefighter who performs at least 200 hours of volunteer firefighting services in a taxation year for one or more fire departments is eligible for the credit. Services consist primarily of responding to and being on call for firefighting and related emergency calls, attending meetings held by the fire department, and participating in required training related to the prevention or suppression of fires.
Eligible volunteer firefighters who receive honoraria in respect of their duties as a volunteer firefighter are able to choose between the new tax credit and continuing to be entitled to the existing tax exemption of up to $1,000 for honoraria.
Eligible search and rescue volunteer services include the services you provided as a search and rescue volunteer to an eligible search and rescue organization (other than eligible volunteer firefighting services), which must consist primarily of the following (primary services):
responding to and being on call for search and rescue and related emergency calls as a search and rescue volunteer;
attending meetings held by the fire department; and
participating in required training related to search and rescue services.
Other services you provided as a search and rescue volunteer to an eligible search and rescue organization are also eligible, such as, the delivery of educational sessions undertaken by the organization.
For the purpose of counting the number of hours of eligible search and rescue volunteer services, the number of hours devoted to the primary services described above must exceed the number of hours devoted to other services for a particular organization.
The CRA site contains a lot of information on additional deductions that can be made.
Employees who worked from home more than 50% of the time over a period of a least four consecutive weeks in 2020 due to COVID-19 will now be eligible to claim the home office expenses deduction for 2020. The use of a shorter qualifying period will ensure that more employees can claim the deduction than would otherwise have been possible under longstanding practice.
A new temporary flat rate method will allow eligible employees to claim a deduction of $2 for each day they worked at home in that period, plus any other days they worked from home in 2020 due to COVID-19 up to a maximum of $400. Under this new method, employees will not have to get Form T2200 or Form T2200S completed and signed by their employer.
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