Financial Empowerment: Taxes Deductions and Credits

The most common deductions that apply to students are:

• child care expenses
• moving expenses

The most common non-refundable tax credits that apply to students are:

• Canada employment amounts
• interest paid on student loans
• tuition, education, and textbook amounts

Common refundable tax credits are:

• Canada training credit
• Child and family benefits

For more information on other types of deductions and credits, see the Federal Income and Benefit Tax Guide.