This is a good article in plain language about 11 tax deductions that seniors should know about.
It’s a well-known fact that Canada’s income tax system is very complex. Part of the problem is that for decades, governments have piled on additional tax credits and deductions to reduce the tax burden on various population segments.
With so many tax credits, knowing what you can and can’t claim can be challenging. In this article, I’ll share 11 tax credits that Canadian seniors may qualify for. While the list is not exhaustive, it includes most of the common deductions and a few lesser-known ones, too.