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New Member
posted Apr 16, 2020 9:35:04 AM

Non Refundable Tax Credit

Hi All,

 

I have around $2700 non refundable tax credits (after 15% of total) for my current year. How can I use these to increase my refund?

Can this be used to lower my taxable income and thus my overall tax?

 

Please advise

 

Thanks! 

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1 Replies
Moderator
Apr 25, 2020 10:34:08 AM

As the name implies, "non-refundable" credits can't be used to generate or increase refunds. They can only be used to reduce the amount of taxes owing.