Many, if not most, taxpayers believe that filing their tax returns requires the payment of monies to the Canada Revenue Agency (CRA), among other tax collection agencies, but this is not so – it’s about getting your money back or, at the very least, paying as little as possible. This is not tax evasion but getting tax deductions (i.e., credits) and informing the government that you have already paid your taxes at the end of the year.
The trick is in applying the following tax-saving mea...