Tax Season Shock: Why So Many Canadians Owe More Than Expected
Millions of Canadians are filing their taxes right now, and many are about to get a surprise.Every year during tax season, Canadians discover the part of the system no one clearly explains. Employment Insurance, side hustle income, gig work, RRSP withdrawals, income-tested benefits, OAS clawbacks, GIS reductions, and changing government payments can all affect what you owe, and why your refund may be smaller than expected.In this Tap the Maple Weekend Wrap, we break down the tax season reality in Canada, why so many people are shocked when they file, and how the Canadian tax and benefit…
The skinny
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