What you need to know about your 2020 income taxes

Author: External Author | | Categories: Business Tax , Corporate Tax , Personal Tax , Tax Consultant , Tax Planning , Tax Return Preparation , Tax Services

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/

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