6 Tax Credits & Expenses You Can Claim In 2022 That Could Save You Money When Filing

Canada workers benefit

The Canada workers benefit (CWB) is a refundable tax credit for individuals or families who are working and earning a low income.

Eligible people can claim the CWB when filing their income tax returns.

Some families and individuals can also get half of this benefit in advance.

There is also a supplement for those with a disability.

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Climate action incentive

Residents of Alberta, Saskatchewan, Manitoba and Ontario may qualify for this tax-free credit, which is designed to offset the cost of federal pollution pricing.

It consists of a standard amount, plus a supplement for residents of small or rural communities.

To be eligible, you must be 19 years old or older, have (or have previously had) a spouse or common-law partner or be (or previously have been) a parent who lives with their child.

If you file your tax return and you're eligible, you will automatically get this payment.

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Home office expenses

Working from home is still very much a reality for many Canadians. So if you're someone who has had to put together a home office, you maybe be able to get money back at tax time.

If you worked from home in 2020 or 2021, you may be able to claim some home office expenses.

As an employee, you may be able to claim things like "work-space-in-the-home expenses, office supplies, and certain phone expenses."

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Medical expenses

Eligible medical expenses, which may include things like prenatal treatments, service animals and laser eye surgery, for example, can be claimed at tax time.

"You can claim only eligible medical expenses on your tax return if you, or your spouse or common-law partner: paid for the medical expenses in any 12-month period ending in 2021" and "did not claim them in 2020," the CRA explains.

The agency has a list of eligible medical expenses on its website.

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Home buyers' amount

If you bought your first home over the past year, you can claim up to $5,000 for an eligible property.

Eligible first-time buyers can claim this non-refundable tax credit if you (or your partner) acquired a qualifying home and have not lived in a property you owned in the same year or the previous four years.

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Child care expenses

People living in Canada who are the sole caregiver of a child may be able to claim child care expenses on their taxes.

There are some caveats and additional factors, but you can still qualify for the benefit if another person has lived with you, in a lot of cases.

Child care expenses that can be claimed include, but aren't limited to, daycare, day camps and more.

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