Tax deductions don’t work as many people suppose. The most well-known non-refundable tax credit is the GST/HST payment that people with a combined family income of less than $42,000 received. Refundable tax credits are paid to anyone who qualifies for them, whether they had income or not. Most provinces have tax credits to reduce the provincial tax owing. Some other non-refundable tax credits include tuition, medical expenses, Employment Insurance and Canada Pension Plan deductions, interest paid on student loans, and adoption expenses.
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