This is a hugely popular tax credit (and we haven’t even had a chance to claim it yet!)  Starting with 2011, Volunteer Firefighters may be eligible to claim a new non-refundable tax credit. The tax credit is for $3,000, so based on our current federal tax rate of 15%, that translates into actual tax savings of $450.

And don’t forget, if you live in Nova Scotia you can also claim the $500 refundable Nova Scotia Firefighters Tax Credit. Combined together, this results in total annual tax savings of $950!

Filed under: Personal Tax by David Boese No Comments »

Sometimes the government actually announces a tax break that makes sense.  Here’s one, for example:

In 2007 the Nova Scotia government announced a $250 tax credit for volunteer firefighters, which could be claimed on their income tax return.  This went up to $375 for 2008, and is now $500 for 2009.

Also, for 2008 and future years the credit has been expanded to include ground search and rescue workers.

This tax credit is refundable, meaning that even if you don’t owe taxes, you can still claim the full tax credit.  Read more about this at

We all appreciate the hard work and dedication from our volunteer firefighters, and search and rescue workers.  We all say it, and  I’m pleased that our provincial government has “put our tax money where our mouth is.”

Filed under: Personal Tax by David Boese 1 Comment »