How Opt Your Canadian Tax Computer Software: Difference between revisions
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Latest revision as of 17:16, 29 August 2026
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Now, let's see if we can whittle that down some a little more. How about using some relevant tax credits? Since two of your students are in college, let's think that one costs you $15 thousand in tuition. There is the tax credit called the Lifetime Learning Tax Credit -- worth up to two thousand dollars in instance. Also, your other child may qualify for something called the Hope Tax Credit of $1,500. For your tax professional for the most current advice on these two tax attributes. But assuming you qualify, that will reduce your bottom line tax liability by $3500. Since you owed 3300 dollars, your tax has became zero capital.
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