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How to get through a more challenging tax season

The Globe and Mail Evelyn Jacks Published March 16, 2021 /iStockPhoto / Getty Images Get ready for a complex tax season. Aside from the challenge of filing taxes during a pandemic, Canadians face a basic T1 Income Tax and Benefit Return form with various Schedules totalling more than 40 pages for the 2020 taxation year. Although that makes the task more arduous for financial professionals, it can lead to new opportunities. Against the backdrop of the most significant public health crisis in...
Canada Revenue Agency Benefit Return Canada Emergency Response Benefit Canada Revenue Canada Emergency Student Benefit Canada Recovery Benefit

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A taxing situation

Winnipeg Free Press A head-start on 2020 tax return is best medicine to deal with pandemics potentially costly impact By: Joel Schlesinger   freeimages If you’ve been bad mouthing 2020 — because it’s been one of the deplorable spins around the sun in collective memory — it may not, unfortunately, be entirely done with us yet. Opinion If you’ve been bad mouthing 2020 — because it’s been one of the deplorable spins around the sun i...
John Waters Neal Winokur Knowledge Bureau Canada Revenue Agency Evelyn Jacks Winnipeg Based Knowledge Bureau

New year, new tax rules: Why the upcoming tax season will be a challenge

Posted: Dec 29, 2020 7:30 AM MT | Last Updated: December 29, 2020 The Canada Revenue Agency will allow Canadians "with modest expenses" to claim up to $400 as a tax deduction for working from home without having to keep a detailed account of their expenses.(Sean Kilpatrick/Canadian Press)
Mark Kalinowski Stephanie Dubois Sandi Martin Knowledge Bureau Spring Financial Planning Inc Canada Revenue Agency
Source: cbc.ca

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