5 ways to start saving on taxes right now Apr 19th

Most Canadians don’t really start thinking about tax season until the deadline is well within sight. But a little bit of extra planning all year round could mean savings of up to thousands of extra dollars that go right in your pocket. Here are five things to start doing now so you’ll get every tax break coming to you.
1. Keep track of expenses.  It’s important to know which expenses you can use as tax credits. Specifically, that means allowable amounts for such things as medical expenses, moving expenses, child care costs and charitable donations. File receipts for these expenses as soon as they’re incurred so you have them handy when you need them. Simply take a screenshot of receipts as you get them and store them on your desktop in a specifically-labeled file. “Even small amounts can add up quickly and saving them in a desktop folder throughout the year ensures you don’t lose out on any cash back at tax time,” says Gerry Vittoratos, a tax specialist with Ufile in Montreal…