What’s new this tax-filing season in Canada

in #tax7 years ago

Changed credits and amounts:

Tuition, education, and textbook credits – As of January 1, 2017, the federal education and textbook credits were eliminated. However, you can still carry forward unused amounts from previous years. Also, with certain conditions, you may now be able to claim the tuition amount for fees you paid to a post-secondary educational institution for occupational skills courses, even if they are not at a post-secondary level.

Children’s credits – As of January 1, 2017, the children’s arts tax credit and children’s fitness tax credit were eliminated.

Public transit tax credit – As of July 1, 2017, this credit was eliminated. For this tax year, you can claim the cost of eligible public transit expenses only for travel taken from January 1 to June 30, 2017.

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