Tag Archives: tax
What is the difference between a non-refundable and refundable tax credit?
There are a few major differences between non-refundable tax credits and refundable tax credits in Canada. While any tax credits are surely something positive for any individual or busienss, check out this post to learn about refundable ones which can actually be considered as payments!
Non-Refundable Tax Credits
A tax credit that cannot reduce the amount of tax that a person or business owes to less than zero. If a tax credit were able to reduce the amount of tax that someone owes to less
