CRA: 3 Mistakes to Avoid When Filing Your 2021 Taxes

Author: External Author | | Categories: Personal Tax Preparation , Tax Return

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Filing returns in the 2021 tax season could be more “taxing” than the previous ones because the computation of taxable income for 2020 is a bit complicated. The Canada Revenue Agency (CRA) dished out several taxable benefits due to the COVID-19 pandemic. If you’re a recipient of some or all, you need to account for them.

This month is the best time to remind Canadian about three possible mistakes when doing their annual duties as taxpayers. If you can avoid them, your tax filing and tax payment should be problem-free.

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Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Christopher Liew, CFA 

Original Article Posted on:  February 24, 2021 

Link to Original Article:  https://www.fool.ca/2021/02/24/cra-3-mistakes-to-avoid-when-filing-your-2021-taxes/



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