The Canada Revenue Agency is gearing up for tax season. That means you should be, too. The longer you wait to file your taxes, the more likely it is you’ll miss the deadline. If that happens, you’ll have to pay penalties. At this stage in the game, you should already have your documents in order and be prepared to file in the next few weeks. But there’s still enough time to get your information together, so you can claim all the deductions and credits you’re entitled to. In this article, I’ll explore three broad categories of things you need to know before you file your taxes this month. We can start with new tax breaks.
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Andrew Button
Original Article Posted on: April 6, 2021
Link to Original Article: https://www.fool.ca/2021/04/06/canada-revenue-agency-3-things-to-know-before-you-file-your-taxes/