Supporting charitable causes not only benefits communities but can also reduce your taxes. The Charitable Donations Tax Credit allows Canadians to claim eligible donations, including cash and property, for significant tax savings. Learn about eligibility, calculation methods, donation limits, and strategies to maximize your charitable tax benefits while giving back.

Carrying charges and interest expenses can provide significant tax savings—if you know how to claim them correctly. This blog explains what qualifies, how to report them on your tax return, and strategies to maximize your deductions, with examples and common pitfalls to avoid.