March 27, 2019

5 Common Tax Mistakes Canadians Make Every Year

If you haven’t filed your taxes yet, you might want to avoid these common mistakes that could end up costing you more money. Here are five areas where Canadian commonly make mistakes. Filing late can lead to interest and penalties. Not all medical expenses are deductible, especially alternative healers. Tuition as well as student-loan interest expenses are not in every case eligible for a deduction. Many moving expenses are eligible but not as many as you may expect. If you are unsure, consult a tax professional before you end up making a costly mistake on your taxes.

“Making a mistake on your tax return can cost you dearly. So what do you need to look out for?”

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