Teachers Tax Credit

Teachers can now claim up to $1,000 of eligible expenses for supplies they purchase for their classroom. This credit is calculated at 25% and is equal to a $250 benefit.

Eligible supplies include: construction paper, items for science experiments, paper, glue, paint, art supplies, stationary items, books, games, puzzles, containers, and educational support software.  Click HERE for a full list of eligible supplies.

A tax professional at TaxTeam can discuss this and other credits and deductions that may affect your taxes. Call 306-694-4829 or visit www.taxteam.ca

February 12, 2021 | Mike Biette