Canada Revenue Agency: 2 Crucial COVID-19 Tax Breaks for 2020

Author: External Author | | Categories: Accounting , Accounting Firm , Bookkeeping , Bookkeeping Firm , Corporate Tax Preparation , Personal Tax Return , Tax Audit Assistance , Tax Consulting , Tax Preparation

When COVID-19 spread throughout the world, personal finances and household budgets took a big hit. In Canada, the unemployment rate soared to 13.7% in May 2020 to beat the previous high of 13.1% in December 1982. Suddenly, people are anxious about expenses like mortgage, rent, food, transportation and taxes.

Original Article Source Credits:   Yahoo Finance , https://ca.finance.yahoo.com/ 

Article Written By:  Christopher Liew, CFA

Original Article Posted on:  October 26, 2020

Link to Original Article:  https://ca.finance.yahoo.com/news/canada-revenue-agency-2-crucial-124522648.html

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