T Tokibaee Star Member Apr 13, 2018 64 1 Feb 16, 2019 #1 What are moving expenses ? What is the difference between tax credit and tax deductions. Thank you Last edited: Feb 16, 2019
spyfy Champion Member May 8, 2015 2,055 1,417 Job Offer........ Pre-Assessed.. LANDED.......... 26-08-2015 Feb 21, 2019 #2 Tokibaee said: What are moving expenses ? What is the difference between tax credit and tax deductions. Thank you Click to expand... Moving expenses are explained here: https://www.canada.ca/en/revenue-ag...redits-expenses/line-219-moving-expenses.html Tax deduction = something that makes your income smaller. Then your tax is calculated based on your income. AFTER that, there are tax credits = something that directly makes your tax smaller.
Tokibaee said: What are moving expenses ? What is the difference between tax credit and tax deductions. Thank you Click to expand... Moving expenses are explained here: https://www.canada.ca/en/revenue-ag...redits-expenses/line-219-moving-expenses.html Tax deduction = something that makes your income smaller. Then your tax is calculated based on your income. AFTER that, there are tax credits = something that directly makes your tax smaller.