Teachers, early childhood educators and other eligible educators have a tax credit available to them for purchasing school supplies. This credit was expanded effective with the 2021 tax year. The list of eligible supplies was expanded. The credit itself also increased from 15% to 25% of up to $1,000 in eligible expenditures. This would equate to a tax credit of up to $250. Please note the changes to this credit has not been passed in parliament, but it has been included on the 2021 T1 return and on CRA’s website.
You will need to have on hand receipts for your purchases as well as certification from your employer (or a delegated official of the employer).
For further details about what purchases are eligible and what certification is required from your employer please click here.