Originally posted by Brampton33
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As for tax advice…maximize all your benefits. Medical really makes no difference unless you pay more than $2000 a year. Make charitable donations, make RRSP contributions. If you get a newspaper subscription, there is a tax benefit for that. If you worked from home, there’s a tax benefit. A lot of the online tax prep software will give you tips to maximize your tax benefits.
As for the comment about your friend who gets good tax returns, you don’t know what is happening. She may have to reduce her s7 claims for repayment by the amount she gets back and also other expenses she pays out for. Or she my have a different situation. I get a hefty tax return but that’s because I have maxed out my RRSP contributions from severance and inheritance. I also max out my charitable donations every year and I claim all the tax benefits I can (news subscriptions, work from home etc.)
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