Canada Revenue Agency: How to Benefit From the 2020 Income Tax Interest Relief
April is the month of taxes. There is no point delaying doing your income tax till the last minute. You might miss out on some important income tax deductions and credits the Canada Revenue Agency (CRA) offers. Moreover, your 2020 tax bill will be different, as it will include taxes on COVID-19 benefits as well as any repayments of these benefits. But you need not lose your mind over the tax bill, as you don’t have to pay the entire amount by month-end. The CRA has introduced a one-year interest relief to help you through the pandemic crisis.
Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/
Article Written By: Puja Tayal
Original Article Posted on: April 8, 2021
Link to Original Article: https://ca.finance.yahoo.com/news/canada-revenue-agency-benefit-2020-220009877.html