Canada Revenue Agency: How to Pay $0 in Retirement Taxes
The year 2020 has been a strange and unforgiving one for everybody. However, we have managed to make the best of it in Canada, and we have another harsh reality waiting for us in 2021: tax season.
The income tax for 2020 will be quite strange given that many Canadians will be counting their stimulus funds as taxable income. Regardless, paying our dues is necessary to keep the economy healthy. By the time you retire, you will pay plenty of taxes through your regular income.
Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/
Article Written By: Adam Othman
Original Article Posted on: October 9, 2020
Link to Original Article: https://ca.finance.yahoo.com/news/canada-revenue-agency-pay-0-130009852.html