Tax planning in a unique year

Author: External Author | | Categories: Accounting Services , Sales Tax Return , Tax Accountant , Tax Filing , Tax Returns

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.

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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/



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