Differences Between a Tax Credit and a Tax Deduction in Canada

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Randall Orser

Randall Orser

发布日期: 2021年4月7日

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Have you ever wondered what the difference is between a a Tax Deduction and a Tax Credit? Although both can save you money on your taxes they work in different ways.

A tax deduction reduces the amount of income you have that is subject to income tax. A tax credit reduces the amount of tax that you owe. 

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