The 10 most commonly missed tax breaks as filing deadline looms: Dale Jackson [BNN Bloomberg (Canada)]
H&R Block, Inc. (HRB)
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Source: BNN Bloomberg
As last-minute tax filers hunker down this weekend to complete their 2024 returns, an H&R Block survey finds half of us are forgetting to include some benefits, deductions and credits. According to the tax preparation service, nearly $3,000 on average in potential tax savings is going untapped. The survey also finds 65 per cent of us are not aware we can amend tax returns to include them as far back as ten years. Of the more than 400 tax credits and deductions available, H&R Block has listed the ten most commonly missed tax breaks. 1. Child Care Expense Deduction The Canada Revenue Agency (CRA) allows childcare expense deductions up to $8,000 for each child under seven years, $5,000 per child between seven and 16 years old, and $11,000 for a disabled child. 2. Canada Caregiver Credit (CCC) Canadians supporting a spouse, partner, child, or dependent with a disability or medical condition can claim a non-refundable tax credit of up to $8,375. Refundable tax credits are amou
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HRB
Earnings
- 11/6/25 - Beat
HRB
Sec Filings
- 11/20/25 - Form 4
- 11/19/25 - Form 144
- 11/14/25 - Form 4
- HRB's page on the SEC website