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You may qualify for tax can reduce your income tax owing and hopefully end up a lower income tax liability.
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Discover the Perfect Timing to Withdraw from Your RRIF (RRIF Withdrawal Strategies)The RIT in Canada RIT Deposit stands for �Return Income Tax�. Since everyone pays income taxes, at the end of the year when you file your taxes. Canada RIT, or Refund Income Tax, is. My bank statement says Canada RIF, what does that mean? Don't panic, it's just another name for the RIT and means a refund or tax credit. Most.
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