Working out your non-refundable tax credits

Once you have done all the math and filled out any of the other schedules that you need, you add together all the non-refundable tax credits you can claim and enter that amount on line 335 on Schedule 1.

Now you have to do some more math.

You can claim 16% of the amount on line 335.
This shouldn't be too hard. You have already practiced finding 16%. You had to work out 16% of your taxable income to find out how much federal tax you would be charged.

When you have worked out the 16% of your non-refundable tax credits, enter it on line 338 of Schedule 1.

here may be one more thing you can claim to reduce your taxes.

Donations

If you have made any donations to a charity or other good cause during the year, you may be able to claim some of this as a tax credit.

Often, people come to your door and ask you to give money to charities that help children, old people, or people with disabilities. They may sometimes be from a group that funds research into diseases like cancer and diabetes.

Generally, you can only claim donations made to registered Canadian charities.

If you give money to any of these people, make sure you get a receipt and keep it for when you do your tax return the following April.

Claiming for donations

If you did make some donations and you want to claim a tax credit for them, you have to fill out Schedule 9.

Schedule 9 is a little complicated. You may want to get advice from one of the volunteers who help people at tax time.

If you are claiming any donations, you enter the amount on line 349 of Schedule 1.

  • When you add the amounts on lines 338 and 349, that gives you your total non-refundable federal tax credits. This is the amount you can use to reduce how much tax you have to pay. Enter this on line 350.



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