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Every year in Canada, millions of dollars in tax deductions and credits go unclaimed.

Here are 6 of the most overlooked deductions and credits that can help minimize your tax bill and maximize your refund.

Union dues
Union dues can be deducted! Box 44 of your T4 slips will contain the total amount of dues you’ve paid.

Disability credits
The criteria needed to qualify for disability credits have evolved of the years. For example, someone with Type 1 diabetes can qualify for the credit as of 2021.

First-time home buyers’ credit
If you brought a home in 2022 you could qualify for a $10,000 deduction, which could lead to a return of up to $1500.

Home accessibility
Up to $20,000 can be claimed for upgrades such as installing bars in a washroom to avoid falls

Medical expenses
Most Canadians don’t realize how many expenses are eligible. Eligible expenses include premiums paid for private health insurance, costs incurred by items not fully covered by personal insurance, such as glasses or prescription drugs, and even incremental costs for gluten-free products if you have celiac disease.

Student loan interest
Young Canadians often don’t realize that interest on student loans is tax deductible.