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Are there any tax benefits I may qualify for?

Depending on your income level, family status, immigration status, and location of residence, there are various benefits that you may qualify for including:

Can I file jointly with my spouse? Does my spouse need to file a return?

No, Canada does not allow joint filing so both you and your spouse will need to file a tax return if required.

While a tax return may not be required if your spouse has no income, we would generally recommend your spouse file a Canadian tax return starting the first tax year your spouse is in Canada. This will allow CRA to assess any tax benefits that you/your spouse may be eligible for.

What if I make donations to charities in Canada or my home country?

If you make cash donations to a Registered Charity in Canada you can claim a credit on your tax return.

If you make donations to foreign charities, they are generally not eligible for a credit in Canada with two major exceptions:

  • If you make a donation to a registered institute of post-secondary education outside Canada.
  • Cash donations to US charities can be claimed up to 75% of your US sourced income on your Canadian tax return.

If you make non-cash donations, they are generally not eligible for a credit.

There are a number of exceptions and specific cases, you can find more information here.

What are the common tax deductions/credits available in Canada?

Typically, we see charitable donations, certain out of pocket medical expenses (not covered by insurance) in excess of a certain threshold, RRSP contributions, professional memberships, etc. More information can be found here.