Canada Revenue Agency: 2 One-Time Changes to Your 2020 Taxable Income
The year 2020 was different as there were many one-offs. The world went into lockdown for the first time. A significant portion of the world population started working from home for the first time. Canada witnessed its highest-ever unemployment rate of 13.7% in May 2020. The Canada Revenue Agency (CRA) announced many cash and tax benefits for the first time. These many firsts will reflect in your 2020 taxable income.
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Puja Tayal
Original Article Posted on: February 4, 2021
Link to Original Article: https://www.fool.ca/2021/02/04/canada-revenue-agency-2-one-time-changes-to-your-2020-taxable-income/