School Supply Tax Credit

If you are an eligible teacher or early childhood educator you may be able to claim the Teacher and Early Childhood Educator School Supply Tax Credit in your 2016 personal income tax and benefit return.  This is a 15% refundable tax credit based on an amount of up to $1,000 spent on eligible teaching supplies – meaning the maximum amount you could receive would be $150.
An eligible teacher holds a valid teacher’s certificate in his or her province or territory of employment.  An eligible early childhood educator holds a certificate or diploma in early childhood education that is recognized in his or her province or territory of employment.
For more information on this tax credit please visit the Canada Revenue Agency’s webpage on this topic.
If you are eligible to claim this tax credit, please retain all of your receipts for teaching supplies purchased.
Advertisements

Posted on August 30, 2016, in Personal Tax and tagged . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: