Teachers can now claim up to $1,000 of eligible expenses for supplies they purchase for their classroom. This credit is calculated at 15% and is equal to a $150 benefit.
Eligible supplies include: construction paper, items for science experiments, paper, glue, paint, art supplies, stationary items, books, games, puzzles, containers, and educational support software.
A tax professional at TaxTeam can discuss this and other credits and deductions that may affect your taxes. Call 306-694-4829 or visit www.taxteam.ca