Thousands of Canadians pay more income tax than they should. By not taking full advantage of tax credits and deductions, you may be one of those generous Canadians without even knowing it. Are you aware of all of the deductions that are available to you? Do you file your return on time? Do you pay tax instalments quarterly to avoid interest charges?
Here is a look at some of the commonly missed opportunities that could be contributing to your larger than necessary tax bill.