Tax Credits for Volunteer Firefighters

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If you are volunteer firefighter who has dedicated over 200 hours in a year to firefighting services such as responding to calls and attending trainings you could be eligible for a CRA tax credit. This tax credit for volunteer firefighters could potentially save you up to $450 on your taxes.

You can claim up to $3,000 a year. Here is an example of how to calculate your claim. If you are claiming $3,000 all you have to do is enter $3000 on line 362 on your Schedule 1, Federal Tax. Your tax credits are calculated by multiplying the amount claimed by 15% for 2013. Therefore, if  you claimed $3000, you tax credit will be $450.

tax credits for volunteer firefightersIn order to claim this credit make sure to ask your fire department for proof of your hours volunteered. As a volunteer firefighter, you may be eligible for an income exemption of up to $1,000 if you received a payment from a government, municipality, or other public authority for carrying out volunteer firefighter duties. If you choose to claim this income exemption, you will not be eligible for the volunteer firefighters’ amount. The income exemption related to volunteer firefighter duties is shown in box 87 of your T4 slips.

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Reach out to our team for more information on how to file your claim and receive the tax deduction you deserve!

Nicole Dronca, CGA