Did you know that each province and territory in Canada has tax credits that can help Canadians to reduce their provincial income taxes each year? Unfortunately, many people are unaware of the tax credits available to them, and sadly, the ones who do their own taxes but are unaware, are the ones who lose out. Even if you hire a tax professional to file your taxes for you every year, it is still good for you to be aware of what is available to you.
How can I find out what tax credits are available?
If you want to know what specific tax credits are available to you in your specific province or territory, simply go to the Canada Revenue Agency (CRA) website, and check out the section entitled Provincial and Territorial Tax and Credits For Individuals.