What is the difference between a tax deduction and a tax credit?

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Question Posted: Dec 19, 2015 04:19 AM

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What is the difference between a tax deduction and a tax credit?

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A tax deduction reduces a taxpayers taxable income and the resulting tax saving is based upon th...View the full answer

Canadian Income Taxation Planning And Decision Making

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