Tax Resources for 2024 Filing

Click on the deduction / credit to see whether you qualify, and how much you can claim.

You can claim an amount for eligible adoption expenses related to the adoption of a child who is under 18 at the time the adoption order is issued or recognized by a government in Canada.

The Canada employment amount provides general tax recognition of work-related expenses. Self-employed persons are not eligible to claim the Canada employment amount.

You can claim eligible tuition and other fees paid to an eligible educational institution in Canada for courses you took in 2024, and fees paid to certain bodies in respect of an occupational, trade or professional examination taken in 2024, if you were between the ages of 26 and 66 at the end of the year and meet certain other requirements.

The CWB is a refundable tax credit that supplements the earnings of low- and modest-income workers. This benefit has two parts: a basic amount and a disability supplement. Find out if you can claim the CWB.

A deduction may be claimed for certain members of the Canadian Armed Forces or Canadian police services if deployed outside Canada on an international operational mission.

Child care expenses include amounts you or another person paid to have someone else look after an eligible child so you could earn income, go to school, or carry on research under a grant. Find out if you’re eligible.

Individuals who have an impairment in physical or mental functions and have paid for certain medical expenses can, under certain conditions, claim the disability supports deduction.

If you were an eligible educator (such as a teacher or an early childhood educator at an elementary or secondary school), you can claim up to $1,000 of eligible supplies expenses.

Click to view a list of eligible medical expenses you can claim on lines 33099 and 33199 of your tax return.

You can deduct certain expenses (including any GST / HST) you paid to earn employment income if your employment contract required you to pay the expenses and you did not receive an allowance for them, or the allowance you received is included in your income.

You may be eligible to claim an amount for the interest paid on your student loan in 2024 or the preceding 5 years for post-secondary education. Click for more details.

Generally, you can claim moving expenses you paid in the year if you moved to a new home at least 40km away to work or to run a business out of a new location, or you moved to be a full-time student in a post-secondary program at a university, college, or other educational institution.

The MHRTC is a refundable tax credit that allows eligible individuals to claim certain renovation costs to create a secondary unit within an eligible dwelling, so that a qualifying individual (e.g., an individual 65 years of age or older at the end of the renovation period tax year) can reside with their qualifying relation. Find out if you’re eligible.

You can claim $6,000 for the volunteer firefighters’ amount (VFA) or search and rescue volunteers’ amount (SRVA), but not both, if you were a volunteer firefighter or a search and rescue volunteer during the year and completed at least 200 hours of eligible volunteer firefighting services or eligible search and rescue volunteer services in the year.

View a full list of all deductions, credits, and expenses here.

The VFA and SRVA have increased from $3,000 to $6,000 for eligible individuals who performed at least 200 hours of combined eligible volunteer service during the year.

Starting in 2025, eligibility for the CCB will be extended for six months after a child’s death if the individual claiming the CCB for that child is otherwise eligible. The individual receiving the CCB will still be required to notify the CRA of the child’s death before the end of the month following the death. The extended period will also apply to the child disability benefit. For more information about the CCB and child disability benefit, go to Canada child benefit.

As of January 2024, a second additional contribution of 4% is required by the employee and employer on pensionable earnings that are more than the year’s maximum pensionable earnings but not more than the year’s additional maximum pensionable earnings. This amount is reported in box 16A (CPP) or box 17A (QPP) of your T4 slip. For self-employment income and other earnings, the rate for second additional contributions is 8%. For more information, see Schedule 8 of your tax package or go to Federal income tax and benefit information for 2024.

The HBP withdrawal limit has increased from $35,000 to $60,000 for withdrawals made after April 16, 2024. In addition, temporary repayment relief was introduced to defer the start of the 15-year repayment period by an additional three years for participants making a first withdrawal between January 1, 2022, and December 31, 2025. Accordingly, the 15-year repayment period will start in the fifth year following the year that the first withdrawal was made.

As of January 1, 2024, individuals are no longer able to deduct expenses related to non-compliant short-term rentals. This change applies to all expenses, including interest expenses, incurred after 2023 to earn income from operating non-compliant short-term rentals. For more information about these changes, see Guide T4036, Rental Income.

Changes to the AMT calculation have been introduced for 2024 and later tax years. These changes include an increase to the minimum tax rate and the basic exemption threshold, as well as changes to the calculation of adjusted taxable income for AMT purposes, the special foreign tax credit, and the minimum tax carryover. The changes also limit the value of most non-refundable tax credits. For a complete list of changes, go to Line 41700 – Minimum tax. To calculate your federal tax payable under AMT for 2024, see Form T691, Alternative Minimum Tax.