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When preparing your 2024 tax return in Alberta, Canada, there are several tax benefits and credits you may be eligible to claim. Here are some common tax benefits to consider taking advantage of:
The AFETC is a refundable tax credit for working families with low to moderate incomes in Alberta. Ensure you claim this credit if you meet the eligibility criteria.
The ACFB provides financial support to eligible low-income families in Alberta to help with the costs of raising children. Make sure to claim this benefit if you qualify.
The Climate Leadership Adjustment Rebate is designed to offset the cost of the carbon levy for eligible Albertans. Check your eligibility and claim this rebate if applicable.
If you paid for eligible child care expenses in Alberta, you may be able to claim the Child Care Subsidy to help offset these costs. Keep receipts and documentation for your claim.
This credit provides tax relief for eligible child and dependent care expenses incurred in Alberta. Ensure you claim this credit if you qualify.
The SHARP program offers financial assistance to eligible seniors in Alberta for home adaptations and repairs. Keep records of your expenses and claim this benefit if you qualify.
The Healthy Living Program Tax Credit provides a tax credit for eligible expenses related to participating in eligible physical activities. Save receipts and claim this credit if applicable.
These are some tax benefits and credits you can consider taking for your 2024 tax return in Alberta. Review the eligibility criteria for each benefit and keep supporting documentation for your claims. Consult with a tax professional or use tax software to ensure you maximize your tax savings and accurately file your return.
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