What you need to know about your 2020 income taxes
You thought income taxes were complicated…then 2020 hit. Like most aspects of life during the COVID-19 pandemic, filing and paying this year’s taxes could be extra challenging. Changes to our work habits have created confusion about how or whether to apply certain tax deductions (home-office expenses, anyone?) and, more critically, the government relief payments many Canadians relied on during the crisis could leave them with a sizeable tax bill they weren’t anticipating.
Original Article Source Credits: MoneySense , https://www.moneysense.ca/
Article Written By: LISA HANNAM
Original Article Posted on: NOVEMBER 4, 2020
Link to Original Article: https://www.moneysense.ca/save/taxes/what-you-need-to-know-about-your-2020-income-taxes/