Working Canadians have some tax benefits

For 2019, the WITB was renamed the Canada Workers Benefit, but the benefit are similar.

The Working Income Tax Benefit (WITB) is a refundable tax credit delivered by the Government that supplements the earnings of low-income workers to ensure they aren’t penalized for getting a job. For those low-income working Canadians with a disability who face even larger barriers to workforce participation, the WITB provides an additional disability supplement.

Canada Employment Amount

The Canada Employment Amount provides most employees with help to offset the cost of work-related expenses such as home computers, uniforms and supplies. If you qualify for this amount, you can claim up to $1,195 on your 2018 tax return.

Eligible Educator School Supply Tax Credit

Eligible educators can claim a 15% refundable tax credit on up to $1,000 of supply purchases per year. For example, it can be arts supplies, flashcards, writing materials, books for the classroom and more.

Tradespersons’ Tools Deduction

This tax deduction on tools helps those tradespeople who often should pay for their work expenses up front out of their own pockets.

Meals Expenses of Long-Haul Truck Drivers

The Canadian tax system generally limits business-related meal, entertainment, and other expenses to be deductible only up to 50%. The deductible portion of meal expenses for long-haul truck drivers is 80%.