Tax season doesn’t have to feel overwhelming — and it definitely doesn’t have to mean paying more than necessary.
Many individuals and small business owners miss out on deductions and credits simply because they don’t know what to look for. Here are five practical ways to reduce your tax bill before filing your return.
RRSP contributions reduce your taxable income for the year. If you contribute before the annual deadline, you may lower your overall tax payable and potentially increase your refund.
Even a modest contribution can make a difference — especially if you’re close to a higher tax bracket.
If you worked from home or paid out-of-pocket for employment-related expenses, you may be eligible for deductions.
This can include:
Make sure you keep proper documentation and confirm eligibility before claiming.
Tax credits reduce the amount of tax you owe. Common credits include:
Many people forget to claim smaller receipts — but those add up.
If you earned rental income or side business income, accurate reporting is essential.
While you must report income, you can also deduct eligible expenses such as:
Proper reporting protects you from CRA issues later.
If you missed deductions in a previous year, adjustments can often be filed.
Many taxpayers don’t realize they can correct past returns if something was overlooked.
The Canadian tax system is detailed — but it doesn’t have to be intimidating.
A careful review before filing can mean the difference between a refund and an unexpected balance owing.
If you’re unsure about deductions, credits, or reporting requirements, getting professional guidance can help ensure everything is handled accurately and efficiently.
Whether you’re filing as an employee, freelancer, or small business owner, professional preparation ensures nothing gets missed.
👉 Book your tax appointment today and file with confidence.
