Question

Which of the following contains a list of personal federal tax credits that will reduce the tax liability of an individual?

A Medical expenses, standby charge, charitable donations, age
B. Tuition, adoption expenses, work space in home, pension
C Age, home accessibility, Canada pension plan, moving expenses
D. Canada caregiver, employment credit, medical expenses, disability

Answer 1

The list of personal federal tax credits that will reduce the tax liability of an individual is option D: Canada caregiver, employment credit, medical expenses, and disability.

Step-by-step explanation:

The list of personal federal tax credits that will reduce the tax liability of an individual is option D: Canada caregiver, employment credit, medical expenses, and disability. These credits are designed to provide financial relief to individuals who have caregiving responsibilities, are employed, have medical expenses, or have a disability.

For example, the Canada caregiver credit provides a tax credit for individuals who provide care for a dependent family member with a mental or physical impairment.