It allows me to figure out where I stand with the “tax man,” while still giving me ample time to make smart tax planning moves to maximize my tax refund (and minimize what I owe the government). This early planning is even more important to prep for filing my 2021 income tax return, since COVID-19 has made extra benefits and deductions available – with potentially big tax implications. Wondering how to get more money back on taxes in Canada? Read on to learn all about the essential tax deductions and tax credits in Canada, as well as how to take advantage of all the tax benefits in Canada.Īlthough April 30 is usually the deadline for filing taxes in Canada, I’m always eager to get my tax return prepared within the first 60 days of the year. For complete and current information on any advertiser product, please visit their Web site. Advertisers are not responsible for the contents of this site including any editorials or reviews that may appear on this site.
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