3 Ways Canadians Can Reduce Their Tax Bill in 2022

Author: External Author | | Categories: Bookkeeping Firm , Canada Revenue Agency , Financial Reporting , Payroll Filing , Payroll Services , Personal Tax Filing , Personal Tax Preparations , Tax Accountant , Tax Returns , Tax Services

You can invest the savings from Canadian tax breaks in stocks such as Constellation Software. Most Canadians will have to file their taxes for 2021 by May 2, this year. While Canada is one of the most heavily taxed countries in the world, there are a few ways by which you can reduce your tax bill significantly. Let’s look at three tax breaks offered by the Canada Revenue Agency for 2022.

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Original Article Source Credits: The Motley Fool, https://www.fool.ca

Article Written By: Aditya Raghunath

Original Article Posted on: February 25

Link to Original Article: https://www.fool.ca/2022/02/25/3-ways-canadians-can-reduce-their-tax-bill-in-2022