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Every year in Canada, millions of dollars in tax deductions and credits go unclaimed. Here are 10 of the most overlooked deductions and credits that can help minimize your tax bill and
maximize your refund.

1 Union Dues
Union dues can be deducted! Box 44 of your T4 slips
will contain the total amount of dues you’ve paid.

2 Disability Credits
The criteria needed to qualify for disability credits
have evolved over the years. For example, someone
with Type 1 diabetes can qualify for the credit as of
2021.

3 First-Time Home Buyers’ Credit
If you brought a home in 2023 you could qualify for a
$10,000 deduction, which could lead to a return of up
to $1500.

4 Home Accessibility
Up to $20,000 can be claimed for upgrades such
as installing bars in a washroom to avoid falls.

5 Medical Expenses
Most Canadians don’t realize how many expenses
are eligible. Eligible expenses include premiums
paid for private health insurance, costs incurred by
items not fully covered by personal insurance, such
as glasses or prescription drugs, and even
incremental costs for gluten-free products if you
have celiac disease.

6 Student Loans
Young Canadians often don’t realize that
interest on student loans is tax deductible.

7 Childcare Expenses
Child under 16 years? Claim the childcare
expense deduction. Eligible expenses include
daycare centres, summer camps, overnight
boarding schools, and caregivers such as
nannies.

8 Property taxes (owners) & rental payments
(tenants)
Landlords can use Form T776 to claim property
taxes for the period in which a rental property was
available for rent. Employed and self-employed
tenants can claim partial rent payments as a
home office expense if they use their home for
employment or business purposes.

9 Employment Expenses
Work expenses such as cell phone bills and office
supplies can be deducted, if your employer asked you
to purchase them. Educators can also claim up to
$1,000 of eligible teaching supplies.

10 Canada Training Credit
The Canada Training Credit supports workers over age
26 by reducing barriers to professional development. It
offers $250 every year ($5,000 lifetime limit) for eligible