Yeah, check out the government website, theres a lot of things you can deduct that you might not think of. Also I don't need to tell anyone this but those who can should max up there RRSP contributions. I mean for most people who dump $10k into an RRSP you'll get a refund of $4k back. So the government is giving you some incentive to try and save some money.
As for the government keeping your money interest free buy charging you it is a valid point. You do have the option to go to your payroll provider and fill out a form stating RRSP contributions or other potential tax deductions you may have. Still I think the large sum tax refund serves as a forced saving for a lot of people. If you were to see an extra $200 every pay cheque would you save it, or spend it? Whereas when it comes out as a $5000 cheque at the end it feels quite good for a lot of people. I know my wife and I are not disciplined enough with money to continuously save like that, so I set it up to get my OT paid out to my every 3 months so that I'll take it and invest it rather than spend it on crap I don't need. Still if you have the discipline with you money trying to set it up so that you have it and make your interest on it right away is a smart thing to do.
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Patriots QB Tom Brady
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