CRA Tax Breaks: How to Reduce Your Tax Bill This September

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Attention Canadians! If you haven’t yet filed your 2019 tax returns, you should start working on it as the last date is September 30. The Canada Revenue Agency (CRA) has extended this deadline twice, but I doubt there will be a third extension. Things have started to normalize and taxpayers had ample time to file their returns even after the lockdown ended. If you file your returns and pay the taxes before September 30, the CRA won’t charge any penalty and you will get uninterrupted cash benefits.

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Original Article Source Credits:   The Motley Fool ,

Article Written By:  Puja Tayal 

Original Article Posted on:   August 27, 2020

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