NEW AND IMPROVED BENEFITS & CREDITS
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Canada child benefit (CCB) –The CCB is a tax-free monthly payment made to eligible families to help them with the cost of raising children under the age of 18. The CCB might include the child disability benefit and any related provincial and territorial programs. It replaces the Canada child tax benefit, national child benefit supplement and the universal child care benefit.
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Northern residents deductions – If you have lived, on a permanent basis, in a prescribed northern or intermediate zone for a continuous period of at least six consecutive months, you may be eligible for a deduction. For 2016 and later years, the basic and the additional residency amounts used to calculate the northern residents deductions will be increased from $8.25 to $11 per day.
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Eligible educator school supply tax credit – Eligible educators may be able to claim a 15% refundable tax credit based on up to $1,000 of eligible teaching supplies bought during the tax year.