[Verse 1] Calculate your federal tax then credits come to play Non-refundable first, they chip your debt away Basic personal amount, everyone gets their share Spousal credit lifts the load when income's barely there Dependant credit covers kids and relatives in need Age credit kicks at sixty-five, disability's guaranteed [Chorus] Credits cut the tax you owe, slice by slice One-eighteen through one-eighteen-nine, roll the dice Tuition, medical, charitable donations too Non-refundable credits work their magic just for you Then refundable ones pay back what's overdue GST credit, Workers Benefit, Climate Action's coming through [Verse 2] Medical expenses over three percent of income Charitable donations get enhanced when they come Tuition carries forward if you cannot use it now Provincial credits vary by the rules each province vows Federal calculation sets the base amount you pay Provincial rates and brackets add their own display [Chorus] Credits cut the tax you owe, slice by slice One-eighteen through one-eighteen-nine, roll the dice Tuition, medical, charitable donations too Non-refundable credits work their magic just for you Then refundable ones pay back what's overdue GST credit, Workers Benefit, Climate Action's coming through [Bridge] Alternative Minimum Tax revised in twenty-twenty-four Higher exemption threshold, capital gains hit more Thirty percent inclusion rate on gains above the line AMT ensures the wealthy pay their proper time [Verse 3] Canada Workers Benefit phases in with working income Climate Action Incentive varies where your home has come Refundable means cash back even when no tax is owed Provincial systems mirror federal but use their own code Final calculation sums it all from coast to coast Credits are the safety net that taxpayers need most [Outro] From basic personal amounts to climate incentives bright Tax credits balance burden, making payments feel more right Federal and provincial, working hand in hand Credits are the cornerstone across this northern land
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