1. Moving expenses
You can only claim moving expenses that your employer hasn’t already reimbursed you for. If you have been reimbursed for some or all of your moving expenses, you must include this as income on your taxTax A fee the government charges on income, property, and sales. The money goes to finance government programs and other costs.+ read full definition return.
2. Public transit costs
The 2017 federal budgetBudget A monthly or yearly estimated plan for spending and saving. You work it out based on your income and expenses.+ read full definition has eliminated the public transit tax credit. For the 2017 tax year, you can only claim the credit for eligible amounts for the period of January 1, 2017 – June 30, 2017.
3. Interest paid on student loans
You can only claim interest on student loans made to you under the Canada Student Loans Act, the Canada Student Financial Assistance Act, Apprentice Loans Act, or similar provincial or territorial government laws. You can’t claim interest paid on any other kind of loan, even if it is to finance your education. Example: a line of credit. You can’t transfer the claim to anyone else, even if they paid the interest on the loan.
You can claim an amount only for interest you have not already claimed. If you have no tax payable for the year the interest is paid, it is to your advantage not to claim it on your return. You can carry the interest forward and apply it on your return for any of the next five years.
4. Union and professional dues
Your employer may withhold dues from your pay. This will be noted on your T4 slip and you can claim a corresponding deduction. You may also get a receipt for these dues from your union or association. But you can only claim the deduction once. If you have been reimbursed for dues paid, you cannot claim any of the dues as a deduction unless your employer has included them as a taxable benefit on your T4.
5. Other deductions (line 232)
You can only use line 232 to claim allowable amounts not deducted anywhere else on your return. You can’t use this line to claim personal or living expenses that are not legitimate tax deductions. Examples: funeral costs, wedding costs, legal fees paid for separation or divorce agreements.
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