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Financial Empowerment: Taxes Deductions and Credits

This guide provides quick access to resources on the topic of personal finance.

Tax 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:

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

Free Tax Help: Government of Canada

Canada Revenue.Agency. (March 8, 2021). Free tax help: Collette's story [Video]. https://www.youtube.com/watch?v=DkwX1JHG7iQ

Many community organizations are hosting free virtual tax clinics. Volunteers may be able to complete and file your taxes for free, by video conference, by phone or through a document drop-off arrangement. To find a clinic, please check the Government of Canada's national directory.