Starting a new job is exciting—but don’t forget about the tax breaks you might already qualify for! As a newcomer to the workforce, here are 3 powerful ways to keep more of your income:
🔹 1. Canada Workers Benefit (CWB)
The CWB is a refundable tax credit designed to support low- and modest-income workers.
✅ You may be eligible if:
• You're 19 or older
• You live in Canada
• You earned working income
💡 Good news: The CRA automatically calculates your amount when you file your return—just make sure to claim it!
🔹 2. Employment Expenses Deduction
If you're working from home or paying out-of-pocket for work-related costs, you might be eligible to deduct those expenses.
✔️ Requirements:
• Your employer requires the expense (and doesn’t reimburse you)
• You have Form T2200 signed by your employer
• You file Form T777 with your tax return
📎 Pro tip: Save those receipts! They're your proof.
🔹 3. Union or Professional Dues
Are you paying fees to a union or professional organization (e.g., licensing boards)? These are often tax-deductible.
📝 Enter eligible dues directly on your income tax return and enjoy the savings.
📩 Filing your first tax return? Unsure what applies to your situation? Don’t worry—we’re here to help you every step of the way.
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