It’s Tax Time - A List of Credits, Deductions and Refunds Available

This year's deadline to file your tax returns: May 1, 2023, but if you or your spouse are self-employed, you have until June 15, 2023. If you plan to get an RRSP refund back, you’ll have until March 1 to contribute.

Did you know? If you use borrowed money to buy investments, the interest may be deductible. As long as your investments generate income such as dividends or interest, or if you have a reasonable expectation that they will generate income, you can deduct the interest on your loan from your total income. Utilize the equity in your home to invest in your future. Contact Sunny and Rachel to learn more!

As a Canadian, you could be eligible for the following tax credits:
One-Time $500 Top-Up To The Canada Housing Benefit
Home Accessibility Tax Credit
Home Office Expenses
Immediate Expensing of Certain Depreciating Property Deduction
Canada Training Tax Credit (CTC)
Eligible Educator School Supply Tax Credit
Canada Worker’s Benefit (CWB)
Canada Child Benefit (CCB)
Disability Tax Credit (DTC) and Child Disability Benefit (CDB)
Canada Caregiver Credit (CCC)
Zero-Emission Vehicle Tax Credit
Provincial Tax Credits

To learn more about 2023 Canadian Tax credits and deductions, click here.