3 Major CRA Tax Breaks That Will Reduce Your Tax Bill for 2020!

Author: External Author | | Categories: Accounting Services , Business Consulting Services , Income Tax , Legal Consulting Services , Tax Accountant , Tax Consultant , Tax Services

The deadline for filing your 2019 taxes is just around the corner. The Canada Revenue Agency (CRA) has extended the tax-filing deadline to September 30 to help ease the financial burden on millions of Canadians impacted by the COVID-19 pandemic, and it is unlikely to be extended further.

However, there are a few tax breaks authorized by the CRA which will help you lower your overall tax liability. We’ll look at three such tax breaks that you should consider before filing your taxes for 2019.

Read More

Original Article Source Credits:    The Motley Fool Canada , https://www.fool.ca/

Article Written By:  Aditya Raghunath

Original Article Posted on:  September 21, 2020

Link to Original Article:  https://www.fool.ca/2020/09/21/3-major-cra-tax-breaks-that-will-reduce-your-tax-bill-for-2020/


  • Tax Accountant Oakville