Refining what is taxed

Question 1

Moving Expenses Deductions

Answer 1

S 62, defined in s 248

Eligible for relocation - move for work, actually relocate, 40 km closer to work location, cannot exceed income from work location.

Students - eligibility generally tied to scholarships

Question 2

Childcare Expenses

Answer 2

S 63

Up to 2/3 of earned income.

Levine - claimed expenses for ski lessons, ballet, art school after regular school hours. Childcare expenses are expenses for minding and taking care of children when parents cannot

Kwan - chess lessons, math tutoring. Some allowed if parents still working and this helps them to do it by occupying time of children.

Question 3

Credits

Answer 3

S 117 - rates to determine federal tax payable.

Question 4

Charitable Donations Credit

Answer 4

S 118.1

McBurney - donation requires you do not get anything in return (except for tax receipt, no consideration for a gift) here received advantage for children.

Klotz - art scammer, deminimus rule applied.

Question 5

Medical Tax Credit

Answer 5

S 118.2(2)

Scotski - new hardwood floors, only installed in placed he walked. Liberal interpretation deemed medical expense.

Question 6

Disability Tax Credit

Answer 6

S 118.3 (1)

Gibson - must be markedly restricted in basic living. Was in bed for days found was impaired enough.

Question 7

Tuition and Education

Answer 7

S 118.5

Credit for interest on loans s 118.62