Every tax season brings the same sense of urgency. Deadlines approach, numbers appear on slips, and decisions get made quickly — often without much context. It’s also the time of year when misconceptions about tax planning surface most clearly. Many Canadians still believe that writing something off means getting the money back, that maxing out an RRSP guarantees a refund, or that a large refund is proof they paid less tax. None of these assumptions are entirely accurate, but they persist because the mechanics of the tax system are rarely explained in plain terms.

Discover the real story behind tax refunds. Learn why a bigger refund isn't always better and explore strategies for optimizing your tax planning over a lifetime. With insights into short-term savings, long-term outcomes, and key tax-saving decisions, this article by Denise Kirk from Fused Accounting offers a fresh perspective on effective tax planning.

The Canada Revenue Agency (CRA) now offers a fully digital DTC application that you can access through your “My Account”—making applying, uploading, and tracking your application much more convenient.