CRA: 2 New Tax Mistakes Investors Could Make in 2021

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Corporate Income Tax Ottawa ON

Every year, the Canada Revenue Agency (CRA) must tackle mistakes and errors on individual filings. The tax system is just so complex that some things are bound to slip through the cracks. 

However, the health and economic crisis of the past year could make the 2020 filing exceptionally complicated. Millions of Canadians saw their lifestyle disrupted in some way, and their financial situation may have changed drastically over the past 12 months. Meanwhile, the CRA has introduced new rules, benefits, and deductions to support the economy. 

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Original Article Source Credits:   The Motley Fool ,

Article Written By:  Vishesh Raisinghani 

Original Article Posted on:  January 29, 2021 

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