New Tax Credit for Educators Will Benefit Canada's Children
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 08/31/16 -- Canada Revenue Agency
The Government of Canada values the contribution teachers make providing young Canadians with the education and skills they need to join a strong middle class.
The Honourable Diane Lebouthillier, P.C., M.P., Minister of National Revenue, and the Honourable Kirsty Duncan, P.C., M.P., Minister of Science, marked the beginning of the back to school season today by visiting Ecole elementaire Gabrielle-Roy in Toronto to promote the Government of Canada's new school supply tax credit for teachers and early childhood educators.
Teachers work hard to create positive learning environments for our children and often pay out-of-pocket for classroom supplies.
Introduced in 2016, the will help offset these personal costs, allowing those affected to claim a 15% refundable tax credit on up to $1,000 worth of school supplies each year.
Eligible educators, regardless of their income level, who purchase educational materials, will qualify for a refund of up to $150 each year. This new tax measure reflects the Government of Canada's commitment to invest in our educators and bring real change to Canadians.
Quotes
"Teachers across Canada share the same goal: giving our children the best possible education to contribute to the future prosperity of our country. The Government of Canada is proud to announce this new tax measure to help educators recover some of the out-of-pocket investments they make to enrich the learning environments of our children."
- The Honourable Diane Lebouthillier, P.C., M.P., Minister of National Revenue
"The new Eligible Educator School Supply Tax Credit will help teachers and early childhood educators offset their out-of-pocket costs of supplies. This is another example of the government's commitment to providing tax relief that will help strengthen the middle class. When middle-class Canadians have more money to save, invest, and grow the economy, everyone benefits."
- The Honourable Kirsty Duncan, P.C., M.P., Minister of Science
Quick Facts
- A showed the average Canadian teacher was out of pocket by $453 for expenses on classroom materials or class-related activities.
- The Eligible Educator Tax Credit is expected to cost $55 million from fiscal years 2015-16 to 2017-18.
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Contacts:
Chloe Luciani-Girouard
Press Secretary
Office of the Minister of National Revenue
613-995-2960
Jelica Zdero
Media Relations
Canada Revenue Agency
613-952-9184
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 31.08.2016 - 15:02 Uhr
Sprache: Deutsch
News-ID 492034
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Local
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"New Tax Credit for Educators Will Benefit Canada's Children"
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