It's smart to try and get every tax break possible to reduce what you owe to the government. For some Canadians, that could means claiming the interest paid on mortgage payments. But your eligibility for a mortgage interest tax deduction depends on a number of circumstances. Find out whether this tax-saving strategy will work for you.
Were you one of the many Canadians who worked at home last year during the pandemic? The good news is that you may be able to reduce the taxes you pay when you file your return this year, thanks to work-at-home tax deductions. Find out everything you need to know about how to claim this new tax deduction in 2022.
Most people think you have to make tax claims on your most current tax return. That's not the case. You have some leeway and can defer tax claims to a certain degree so you maximize how much tax you save. Whether it's RRSPs, tuition, medical expenses or charitable donations, you can shift the timing to best suit your financial situation. Our guide explains all the tips and tricks.