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A tax deduction, or “write off” as it’s sometimes called, reduces your taxable income by helping you to subtract the price of an expense from your income, before calculating just how much tax you will pay. Exterior lights deductions you need to or the greater the deductions, the cheaper your taxable income. Also, the more you lower your taxable income the less exposure you need to the higher tax rates in greater income brackets. As you read earlier, Canada’s tax system is progressive meaning the more you earn, the higher the tax rate. Cutting your taxable income reduces the level of tax you’ll pay.