CANADIANS: 3 New CRA Tax Breaks You Can Claim for 2020!

Author: External Author | | Categories: Bookkeeping , Budgeting and Forecasting , Business Setup , Business Valuation Services , Chartered Professional Accountant , Estate Planning Services , Financial Planning , Payroll , Personal Tax , Tax Accountant


In 2020, the federal government is rolling out a number of new tax breaks for Canadians. While most of these aren’t huge, they can save you some money when you file your taxes next year. The year 2020 has been a tough time for many Canadians. Between COVID-19 and the lockdowns that came with it, the health and financial strains were immense. If you took a financial hit this year, you can take some small comfort that you may be able to save money on your taxes next year. The following three tax breaks could help in that regard.

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Original Article Source Credits:   The Motley Fool Canada , 

Article Written By:  Andrew Button

Original Article Posted on:   August 24, 2020

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