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Your daily horoscope: December 26, 2024

  HOROSCOPES IF TODAY IS YOUR BIRTHDAY A Mercury-Jupiter link on your birthday will enable you to see events from the other person’s point of view. That will be useful when it comes to dealing with those whose words and actions seem illogical. You will know what inner needs drive them. ARIES (March 21 - April 20): The tougher you have been with various people in recent days the nicer you should be to them now. You have made your point of view clear and there is no reason why you should not be friends again, and plenty of reasons why you should. TAURUS (April 21 - May 21): It’s more than likely that you have spent too much money over the past week or so but there is no point regretting it. Cosmic activity across the financial axis of your chart suggests you will get the chance to top up your reserves very soon. GEMINI (May 22 - June 21): It is important that you don’t make a big thing of your differences with friends and family members but you must not go too far and pretend th...
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Smart Tax Strategies for Solo Filers in Canada

 

As tax season approaches, single Canadians have unique opportunities to maximize their returns. Here’s a concise guide to help solo filers navigate the complexities of tax filing and make the most of their financial situation.

1. Utilize Tax Deductions and Credits: With over 400 deductions and credits available, it’s crucial to identify those applicable to your situation. Deductions like self-employed business expenses can lower your taxable income, while credits can reduce the tax you owe.

2. Claim the GST/HST Credit: This refundable tax credit is designed to help low to modest income individuals offset the cost of goods and services. It’s paid out quarterly, and eligibility is determined by filing your taxes on time.

3. Explore the Ontario Trillium Benefit: For Ontarians, this benefit combines three tax credits to assist with energy costs, sales tax, and property taxes. It’s a refundable credit that can provide significant financial relief.

4. File Taxes Efficiently: Even if you have no income to report, filing your taxes can lead to benefits like the GST/HST credit. Additionally, tax software can help identify potential deductions and credits you may not be aware of.

5. Plan Ahead: Use tax calculators to estimate your taxes for the current and following year. This can help you plan for any payments or refunds and make informed financial decisions.

By staying informed and taking advantage of the tax benefits available, single Canadians can file their taxes confidently and efficiently, ensuring they receive all the credits and deductions they’re entitled to.


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