Across Canada each province and the federal government provide tax credits. Which credits are the highest?
(a) BC. (b) Ontario. (c) Quebec.
This question seems straight forward but is quickly confused by the differences between the two methods of giving a child tax credit:
- One method gives a reduction of taxes due on the annual tax return;
- The other method pays cash directly to the parents.
I also could have listed all the provinces as each province is different. BC is near the bottom of the list. Quebec is at the top and Ontario is in the middle of the list. This survey illustrates the benefits : view PDF