Christopher Liew: Here are 5 tax credits and deductions Canadians are missing out on
BNN Bloomberg
Every year, billions of dollars in tax credits and benefits go unclaimed in Canada. Here are five commonly missed tax
Every year, billions of dollars in tax credits and benefits go unclaimed in Canada. A Statistics Canada research paper published in 2025 found that paid employees left an estimated $212 million in Canada Workers Benefit unclaimed in a single year, and that’s just one type of credit.
Below, I’ll walk through five commonly missed tax credits and deductions that could put real money back in your pocket this filing season.
Canada’s tax system has more than 400 credits and deductions, and even people who file every year are leaving money on the table.
An H&R Block Canada survey found that nearly four in 10 Canadians believe they have unclaimed benefits from prior returns, and the company’s Second Look service finds an average of nearly $3,000 per client.
I recently wrote about the 2026 tax brackets and the real opportunity this year isn’t just the lower-bottom rate: it’'s making sure you’re claiming every credit you’re entitled to.
New York Stock Exchange-parent Intercontinental Exchange said on Tuesday it has launched a product to bring greater transparency to the private credit market, an asset class beleaguered by heightened investor concerns.
Oil tankers are crossing the Strait of Hormuz and Iran’s actions to choke traffic through the shipping route have not hurt the U.S. economy, White House economic adviser Kevin Hassett told CNBC on Tuesday, reiterating the Trump administration’s position that the war should be over in weeks, not months.
Canada’s annual inflation rate slowed in February to 1.8 per cent, but many economists believe the new Statistics Canada data may be the dip before a spike driven by oil prices and the war in Iran.
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Canadian and U.S. stock markets gained ground on Wednesday as oil prices fell and tech stocks rose on both sides of the border.
Nvidia CEO CEO Jensen Huang has started his keynote at the chipmaker’s annual developer conference in San Jose, Calif., where he is set to detail its hardware and software plans.
Daily oil exports from the Middle Eastern Gulf, home to top exporter Saudi Arabia and other major producers, have dropped by at least 60 per cent in the week to March 15 compared to February due to disruptions and output cuts amid the U.S.-Iran war, according to shipping data and Reuters calculations.
Larry Berman says he can see a day in 2027 when the top 10 stocks in the S&P 500 are 50 per cent of the index similar to the Invesco QQQ Trust Series 1 (QQQ) today that seem destined to move significantly higher.
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Member countries of the International Energy Agency could release more oil into the market later “as and if needed” after they have already agreed the largest-ever reserve release, Executive Director Fatih Birol said on Monday.
Oil prices are down, and stocks are up Monday, though such moves have been quick to reverse since the war in Iran began.
Statistics Canada says the annual rate of inflation dipped below two per cent in February as the end of last year’s federal “tax holiday” helped take some steam out of the yearly price comparisons.
Middle Eastern sovereign wealth funds and state-backed companies are unlikely to scale back renewable energy investments in Africa despite disruptions from the Iran war, analysts say, given the strong long-term economic and strategic reasons driving such funding.