http://adawnjournal.com/2009/11/05/tax-credit-and-tax-deduction/ A blog on Personal Finance, Investing, Entrepreneurship, and More Wed, 10 Mar 2010 04:14:01 -0700 http://wordpress.org/?v=2.8 hourly 1 http://adawnjournal.com/2009/11/05/tax-credit-and-tax-deduction/comment-page-1/#comment-1718 A.D. Thu, 12 Nov 2009 23:50:23 +0000 http://adawnjournal.com/2009/11/05/tax-credit-and-tax-deduction/#comment-1718 Bill - my best advice, please consult a tax professional about your situation. In general, In Canada, there are two types of tax credits - Refundable and Non-Refundable tax credits. Tax credit I discussed above is Non-refundable tax credits. Refundable tax credits may give you a refund even if you don't owe any taxes. Bill – my best advice, please consult a tax professional about your situation. In general, In Canada, there are two types of tax credits – Refundable and Non-Refundable tax credits. Tax credit I discussed above is Non-refundable tax credits. Refundable tax credits may give you a refund even if you don’t owe any taxes.

]]> http://adawnjournal.com/2009/11/05/tax-credit-and-tax-deduction/comment-page-1/#comment-1717 Bill Thu, 12 Nov 2009 13:45:12 +0000 http://adawnjournal.com/2009/11/05/tax-credit-and-tax-deduction/#comment-1717 So if I do not owe any taxes I will not have a benefit using a tax credit? So if I do not owe any taxes I will not have a benefit using a tax credit?

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