Get Those Benefits You Deserve
Most people treat taxes like a monster under the bed—too scary to face, so they just ignore it. Big mistake. Because here’s the truth: the government is literally handing out money, and if you’re not claiming what’s yours, you’re throwing away cash.
Know What You’re Entitled To
If you don’t know what tax credits and benefits you qualify for, you’re burning money. Governments offer programs to help people like you, whether it’s for families, low-income earners, students, or small business owners. But no one’s going to knock on your door and hand it to you—you have to go get it.
Quick Win: Use an online tax software like TurboTax or Wealthsimple Tax to check for automatic credits. They do the work, you get the refund.
Stop Avoiding Taxes
If you’re avoiding filing because you “owe money” or don’t understand taxes, you’re making a bad situation worse. Late penalties are brutal. Interest adds up fast. And here’s the kicker—many people think they owe when they actually don’t. Some even get a refund. File your taxes on time, even if you don’t have the cash to pay yet. You can work out a payment plan, but you can’t fix ignorance.
Pro Tip: If you’ve skipped filing in past years, fix it now. The CRA allows back-filing, and you might even get refunds from missed years.
Maximize Your Credits
Credits reduce what you owe. Some even get you a refund. A few major ones you need to check for:
- Canada Workers Benefit (CWB) – If you have a low to moderate income, this puts money in your pocket.
- GST/HST Credit – A quarterly payment that helps offset sales taxes.
- Child Benefits – If you have kids, the Canada Child Benefit (CCB) is a game-changer.
- Medical Expense Tax Credit – You’d be surprised what qualifies here—prescriptions, dental work, therapy.
- Tuition and Education Credits – Students, don’t ignore this. Tuition fees can slash your tax bill.
- RRSP Contributions – Lowers your taxable income while building your future savings.
Helpful Tool: Use this free CRA credit checker to see what you qualify for instantly.
Use Tax-Advantaged Accounts
If you’re not using Registered Retirement Savings Plans (RRSPs) or Tax-Free Savings Accounts (TFSAs), you’re working against yourself.
- RRSPs lower your taxable income now and help you build wealth for later.
- TFSAs let you grow investments tax-free—no penalties when you withdraw.
Easy Start: Open an RRSP or TFSA with Wealthsimple or Questrade and start contributing, even if it’s just a little.
Get Professional Help if You Need It
If taxes feel overwhelming, get help. A tax professional can find you credits and deductions you didn’t even know existed. Their fee? Usually a fraction of what they save you.
Smart Move: Try an affordable online tax prep service like H&R Block for expert help without the massive price tag.
Take Action Now
Stop leaving money on the table. Stop making excuses. The difference between people who get ahead and people who struggle? They take advantage of every financial break available. The government isn’t going to chase you down to give you free money. You have to claim it.
File your taxes. Claim your credits. Use smart accounts. Build your wealth. Start today.