A dollar-for-dollar reduction in the tax payment required from a person. Watch: Tax Deduction Vs. Tax···

The amount a Canadian resident applies against their tax owing on the grossed up portion of dividends received from Canadian corporations.···

A federal subsidy that allows businesses to reduce their taxable income dollar for dollar based on specific types of fuel costs. There are several types of fue···

A credit given to taxpayers for each dependent child that is under the age of 17 at the end of the tax year. The Child Tax credit is a nonrefundable credit tha···

A tax credit that is afforded to every man, woman and child in America by the IRS. This credit allows each person to gift a certain amount of their assets to o···