In some cases, if a tax credit is refundable, some or all of the credit is sent to the taxpayer as a tax refund. Non-refundable tax credits aren't issued as refunds. Both refundable and non ...

Charitable donations. The deadline for making donations for the 2024 tax year was extended to Feb. 28, 2025, given the ...

There is a tax benefit available to Canadians who are disabled, or their supporting family members, to reduce the amount of ...

The benefits of your tax credit may be curbed by whether the credit you’re claiming is refundable or non-refundable. A refundable tax credit means you may be eligible for a tax refund.

The government’s largest R&D program, SR&ED provides a refundable 35 per cent tax credit to privately owned small and medium-sized enterprises (SMEs), as well as a non-refundable 15 per cent tax ...