When it comes to taxes, there’s no one size fits all. That’s why there are over 400 tax deductions and credits available from the CRA to Canadian taxpayers. Whatever your tax situation is, there’s a credit or deduction out there for you. Key Takeaways: Tax deductions are used to reduce your income before any credits...
Filing Taxes Late in Canada Canadians are required to file tax returns every year. There are many reasons why Canadians fall behind filing their tax returns, including: They don’t think they will owe, so they don’t file their late tax They are aware they will owe but lack the funds to cover it People incorrectly...
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