Tax planning in a unique year
Many Canadians experienced income changes this year, so tax return figures may look very different than in previous years. In some cases, clients who typically receive refunds may owe tax.
On the surface, it may not seem like a big tax issue when someone’s income declines. Logically, taxes should decline, too. However, the situation may be more complicated.
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Curtis Davis
Original Article Posted on: October 30, 2020
Link to Original Article: https://www.advisor.ca/tax/tax-news/tax-planning-in-a-unique-year/