Canada Revenue Agency: Your Taxes Will Increase in 2021

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So far, the federal government has announced no new taxes for 2020. But if you think that means the Canada Revenue Agency won’t take more of your money, you’re mistaken. A tax hike is just one of many ways your taxes can increase. There’s another, subtler way that your tax bill can rise over time. And it’s set to come in effect in a big way in 2021. In this article, I’ll explore this subtle “tax hike” and how you can offset it.

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Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Andrew Button

Original Article Posted on:  November 29, 2020

Link to Original Article:  https://www.fool.ca/2020/11/29/canada-revenue-agency-your-taxes-will-increase-in-2021/

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