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There are new rules this tax season, courtesy of COVID-19. Here is what you need to know
By External Author | | Posted in " Accountants, accounting firms in vancouver, accounting firms in vancouver bc, bookkeeping services, Corporate & Personal Tax Returns, Financial Statements, Tax accountants, tax filing, tax services "
Those who worked from home may get money back while those who collected benefits may get tax bill. Heads up, Canadians: Due to the COVID-19 pandemic, this is going to be a tax season like no other. If you collected COVID-19-related benefit payments last year, you might end up owing more money than in previous years. However, if you spent part of 2020 working from home, you could wind up with a bigger tax refund than usual.
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Original Article Source Credits: cba, https://www.cbc.ca
Article Written By: Sophia Harris
Original Article Posted on: Feb 27, 2021
Link to Original Article: https://www.cbc.ca/news/business/cra-covid-benefits-1.5928069
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