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This article appears in the April 2015 edition of Financial Post Magazine. Visit the iTunes store to download the iPad edition of this month’s issue.

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With some careful structuring, Canadians can take advantage of preferential interest rates available to them by leveraging their homes, while at the same time obtaining a tax advantage.





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No one likes taxes, except for the few people who voluntarily pay more than they should to help out cash-strapped governments. But they are a necessity since someone has to pay for the services that we all enjoy or complain about. That said, there’s no reason we shouldn’t use every available deduction and tax credit and that means filing a return even if you don’t have to pay taxes. We’re looking specifically at you, students with little or no income, especially if your parents are using your tuition tax credit, which can be worth up to $5,000 per child. But if you worked at all, filing a return starts building up room in your RSP, something that might come in handy later on, much later on granted.