Here is a non-exhaustive list of deductions and tax credits you may be eligible for:
- Deduction for net capital losses from other years
- Capital gains exemption on the sale of a taxpayer's property designated as principal residence
- Deduction for RRSP contributions
- Deduction for carrying charges
- Labour-sponsored funds tax credit
Attention: If you hold any foreign properties--excluding properties for personal use--worth $100,000 or more, you must fill out the T1135 form.