Common tax deductions and credits for individuals

As tax season is in full swing, let's take a look at the most common tax deductions and credits in Canada for individuals A tax deduction offsets your taxable income, whereas a tax credit offsets your tax payable. Tax credits are either refundable or non-refundable. A refundable tax credit will both decrease your tax payable …

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Large tax refunds aren’t that great

Every year, at the same period, it is the great race to the tax refund. Everybody hopes for and wants one; the bigger, the better.

Easy financial boosters

When trying to get back on track financially, people always hear they have to both control their spending and/or increase their income. When talking about increasing income, most think they have to take a second job or do freelance work. These are good ideas, but sometimes a few easy financial boosters are available, provided you …

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