Tax Punjabi - Tax

Tax Credits and Deductions You May Be Missing in 2025

ਟੈਕਸ ਕ੍ਰੈਡਿਟ ਅਤੇ ਕਟੌਤੀਆਂ ਜੋ ਤੁਸੀਂ 2025 ਵਿੱਚ ਗੁਆ ਸਕਦੇ ਹੋ

Category: Tax Reading time: 11 min read Published: 12/25/2025

Discover lesser-known Canadian tax credits that could save you thousands including disability, caregiver, and home accessibility credits.

🎯 Key Takeaways
  • Many Canadians miss valuable tax credits each year
  • Medical expenses, moving costs, and childcare are often overlooked
  • Home buyers and first-time filers have special credits
  • Digital news subscriptions and climate action incentives are new

💊 Medical Expenses Tax Credit

Claim medical expenses exceeding 3% of your net income or $2,759 (2025), whichever is less. This includes prescriptions, dental work, eyeglasses, and travel for medical care.

🏠 Home Buyers' Amount

First-time home buyers can claim up to $10,000 for a tax credit of $1,500.

👶 Canada Caregiver Credit

Supporting a spouse, child, or dependent with a disability? You may be eligible for this non-refundable tax credit.

🚚 Moving Expenses

If you moved at least 40 km closer to a new job or school, you can deduct moving expenses including travel, temporary lodging, and transportation costs.

Often Missed Credits

Student loan interest, tuition credits, disability tax credit, and northern residents deductions are frequently overlooked.

  • Climate Action Incentive (automatic in most provinces)
  • Digital News Subscription Credit
  • Canada Training Credit
  • Home Accessibility Tax Credit
  • Multigenerational Home Renovation Credit

Don't Leave Money on the Table

Tax Punjabi ensures you claim every credit you're entitled to.