What can you claim on your income taxes: 7 deductions not to miss + MORE Dec 1st

There are some tax deductions and credits you know you should claim on your income tax return every year. It’s unlikely you’ll ever forget to deduct your RRSP contributions, for example, and claiming a tax credit for your charitable donations is a no-brainer. But other claims can be easy to overlook if they’re new—or just new to you because you haven’t had the opportunity to use them before.

With that in mind, here are some of the deductions and credits that you should check to see if you are eligible to claim this year—along with their potential tax savings—to make sure you don’t end up leaving money on the table. (Note that these are all federal claims; in some cases there may be similar claims you can make on your provincial/territorial taxes.)

Is there a medical expense tax credit?

If you or an immediate family member had a whack of uninsured medical costs in 2021, and/or your income was lower than usual (perhaps due to COVID-19), it’s worth it to tally up those expenses to see if you have enough to claim this non-refundable tax credit…

  Tangerine’s biggest cash back bonuses ever – percentage wise that is have been extended!  Both  the Tangerine Money-Back Credit Card and the Tangerine World Mastercard will award a 15% cash back welcome earn rate in the first two months for any new approved applications made by January 31, 2022. The 15% is capped on $1,000 of purchases for a total cash back reward of $150. After that 15% cap is hit or after 2 months the regular earn rate of up to 2% cash back kicks in. Therein lies the key to the details of the offer. That’s why we say it is the biggest cash back bonus percent wise, we have never seen 15% before however since it is capped at $1,000 of spending it doesn’t match the likes of the 10% back offers that are typically awarded on $2,000 in spending ($200 cash back) or in the case of the SimplyCash™ Preferred Card from American Express which awards 10% back on the first $4,000 of spending for $400 cash back. However in the market of no annual fee cards these Tangerine offers are definitely some of the best out there…

 Here is a list of promotions, offers and more that are slated to end during the month. Whether it’s stay bonuses, registering for offers or signing up for a limited time credit card offer we’ll have it here if it expires in this month. * Note all offer end dates were current at time of posting this however some offers do get extended so there expiry date may change. We will do our best to update this list frequently to note those changes. Also note that your mileage may vary with credit card offers – just because they are ending on the date listed below does not mean the next offer will not be as good as the offers can be extended or the issuer may come out with an even better offer. December 5Last day to apply for the following TD credit card offers:TD® First Class Travel® Visa Infinite* Card – DEFINITELY APPLY FOR IT BY DEC 5!Apply by December 5, 2021 to get a full Annual Fee Rebate† for the Primary and Additional Cardholders† (a value of up to $170) for the first year and up to 100,000 TD Points† (a travel value of up to $500 when you book travel purchases through ExpediaForTD…

Here’s your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points worth $500, has no foreign transaction fees and no annual fee in the first year! WestJet has released the schedule for their new Calgary to London Heathrow service. LHR schedule. The flights will launch on March 26 and will operate 4x weekly during the spring and summer season. (Source WestJet) Route Frequency Start Date Calgary – Heathrow Tuesday, Wednesday, Friday, Saturday March 26 – October 28, 2022 Heathrow – Calgary Wednesday, Thursday, Saturday, Sunday March 27 – October 29, 2022 Here’s the current pricing on the inaugural flight if you’re interested:Images via WestJet— We have one new American Express Cobalt Card multiplier to let you know about…

 What do I usually say here? Another day another Amex Offer? How about another half dozen offers? This is the third day in a row that we have seen Amex Canada release new Amex Offers for their cardholders. Today we see the return of province based hotel stay credits, that is when spend at hotels in B.C., Alberta, Ontario and Quebec you can receive credits back. We saw a similar offer over summer however this time they have upped the spend requirement to $800 to get a $100 statement credit. This is per province and you need to register for each other separately. The other two offers revealed today are for Dollarama and Dropbox.Here are the offers:Discover Winter AlbertaSpend at least $800 in qualifying purchases using your registered Card directly at eligible hotel merchants located in Alberta by 31/03/2022 and earn a one-time $100 statement credit. Registration cap applies. Terms apply.Discover Winter British ColumbiaSpend at least $800 in qualifying purchases using your registered Card directly at eligible hotel merchants located in British Columbia by 31/03/2022 and earn a one-time $100 statement credit…