Why you want to file your taxes. Seriously | Nerds on Money

Why filing your taxes might be the best financial decision you make this year. Find out with Kat Eschner on this episode of Nerds on Money.
Most people hate tax season. Deadlines, paperwork, maybe even some math. Worst of all: when money is tight, you don't want to give any of it away.
But what many don't know is that the tax system is the cornerstone of Canada's (and Ontario's) poverty reduction strategy. There are several programs that offer direct cash to Ontarians living on a low income - but only if they file their taxes.
To help, community service organizations across the province hold free tax clinics to help get money to people who need it most. In 2022, those clinics helped Ontarians access $6.3 million worth of benefits, credits, and refunds.
Join TVO Today's Kat Eschner as she explains the tax system, why we need it at all, and how to make it work for you.
0:00 Why Filing Taxes Matters
0:15 A Tool for Equality
0:45 Accessing Government Aid for Low-Income Individuals
1:17 Free Tax Clinics
1:44 Opportunities for Low-Income Earners
2:05 Understanding the Tax System
2:18 File Taxes, Claim Benefits
Free tax clinics: www.canada.ca/en/revenue-agen...
Canada Workers Benefit: www.canada.ca/en/revenue-agen...
Listen to TVO podcasts:
www.tvo.org/podcasts
Subscribe to our KZbin Channels:
/ @tvo
/ @theagenda
/ @thethreadwithnam
Follow TVO on social media:
Instagram: / wearetvo
Twitter: / tvo
Facebook: / tvo
Subscribe to TVO Media Education Group newsletters:
www.tvo.org/newsletters
Get the TVO Today app:
App Store: apps.apple.com/ca/app/tvo-tod...
Google Play play.google.com/store/apps/de...
TVO Media Education Group inspires learning that changes lives and enriches communities. Founded in 1970, we are a globally recognized digital learning organization that engages Ontarians of all ages with inclusive experiences and diverse perspectives. Through video, audio, games, courses, newsletters and articles, we’re investing in the transformative potential of education for everyone. Funded primarily by the Province of Ontario, TVO is a registered charity supported by thousands of sponsors and donors. For more information, visit TVO.me, TVO.org and TVOkids.com.
Transcript