Tips for paying less tax at the start of the year

Would you like to pay less tax on your next return and maximize the deductions to which you are entitled? Follow the guide.

Tips for paying less tax at the start of the year

Would you like to pay less tax on your next return and maximize the deductions to which you are entitled? Follow the guide.

Even if 2022 has just ended, it is not too late to lower your future taxes and therefore improve the benefits to which you are entitled.

Take out your bills!

REDUCE YOUR TAXABLE INCOME

Much, if not most, of the tax bill is based on taxable income.

Taxpayers should therefore use all the deductions available to them, which will allow them to lower their taxes at the same time, reminds Stéphane Thibault, practice leader at the Center québécois de formation en taxation, strategic partner of Raymond Chabot Grant Thornton.

Here are a few not to be overlooked:

LESS TAX AND MORE BENEFITS

Stéphane Thibault adds that the reduction in taxable income also has a significant impact on the various credits and allowances to which one is entitled, because these could be improved.

For example :

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