[Verse 1]
Sarah calculates her basic personal amount
Fourteen thousand and the change that counts
Every taxpayer gets this shelter free
First slice of income, tax-free guarantee
Age credit kicks when sixty-five arrives
Disability credit helps families survive
These credits carved from taxes owed
Non-refundable, they ease the load
[Chorus]
Credits slice your taxes down to size
But never more than what you owe - that's wise
B-A-D-T-M-C, remember these
Basic, Age, Disability with ease
Tuition, Medical, Charitable too
Non-refundable credits working for you
[Verse 2]
Marcus saves receipts for tuition paid
Education costs that credits have repaid
Textbook amounts and monthly transit passes
Professional courses, certification classes
Transfer unused credits to your spouse
Or carry forward to a future house
Students scrimp and save these precious slips
Educational credits, smart money trips
[Chorus]
Credits slice your taxes down to size
But never more than what you owe - that's wise
B-A-D-T-M-C, remember these
Basic, Age, Disability with ease
Tuition, Medical, Charitable too
Non-refundable credits working for you
[Verse 3]
Medical receipts pile high on Janet's desk
Prescription drugs and physiotherapy trek
Three percent threshold of net income crossed
Only excess qualifies, the rest is lost
Charitable donations with their special rate
First two hundred at fifteen percent rate
Beyond that mark, twenty-nine percent applies
Federal credits multiplied
[Bridge]
Calculate the federal amount first
Provincial credits quench the thirst
Schedule One shows the breakdown clear
Non-refundable credits year by year
[Chorus]
Credits slice your taxes down to size
But never more than what you owe - that's wise
B-A-D-T-M-C, remember these
Basic, Age, Disability with ease
Tuition, Medical, Charitable too
Non-refundable credits working for you
[Outro]
When your taxes hit exactly zero
Credits stop, they're not your hero
Unlike refundables that pay you back
These credits just prevent attack