Deductions reduce your net income before tax is calculated — different from credits, which reduce the tax itself.
| Deduction | Notes |
|---|---|
| RRSP contributions | Up to 18% of prior year's earned income, capped annually |
| Child care expenses | Up to set annual limits per child, generally claimed by the lower-income spouse |
| Moving expenses | If you moved 40+ km closer to a new job or school |
| Union/professional dues | Fully deductible |
| Employment expenses | For commission employees or those required to work from home, with a signed T2200 from your employer |
| Support payments | Spousal support paid (not child support) is deductible |
See how much an RRSP contribution saves you.
Use the RRSP Tax Savings Calculator →Deduction eligibility and limits have specific conditions. Verify with a CPA or the CRA for your situation.