9 d. ago
Canadians running out of time to claim these expiring tax credits
It's never too early to prepare for tax season in Canada, and as the new year approaches, one expert suggests you start looking at receipts.Tax preparation company H&R Block is urging taxpayers in Canada to check for expiring benefits and credits in time for the next filing year.According to the financial company, several tax credits have or will soon expire, which means hundreds of thousands of Canadians risk throwing money away. It stresses that it's important to claim these credits before it's too late."The more time you give yourself to prepare, the easier it is to ensure you navigate the more than 400 tax credits and benefits, understand any that may be being phased out, and dig out old receipts so you don't miss out on money that's yours," states Yannick Lemay, tax expert at H&R Block Canada.A 2025 survey commissioned by the tax preparation company found that nearly two out of three Canadians (65 per cent) weren't aware that they could...
Economics