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ARTICLE · 03 MARCH 2015

Missed Opportunities Means Extra Taxes

Crowe
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Thousands of Canadians pay more income tax than they should. By not taking full advantage of deductions, you may be one of those generous Canadians without even knowing it.

CanadaTax
Crowe MacKay LLP
Crowe MacKay LLP
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Thousands of Canadians pay more income tax than they should. By not taking full advantage of deductions, you may be one of those generous Canadians without even knowing it. Are you aware of all the deductions 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 common missed opportunities that could be contributing to your tax bill.

Disability Tax Credit 

This credit is available to a person with a severe and prolonged impairment in physical or mental function, subject to certain criteria. To qualify, Canada Revenue Agency (CRA) must approve an application signed by your doctor. Areas that may apply include the following: 

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