Hate Taxes? Then You will Love This Little 2021 Tax Cut
A tax cut, no matter how small, is an expensive gift to a burdened taxpayer. Canadian taxpayers will receive a little tax cut for the 2021 income year to the tune of $509. The reason is that the basic personal amount (BPA) is increasing again. When you file your tax return next year, the BPA will be $13,808 instead of $13,229.
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Christopher Liew, CFA
Original Article Posted on: January 9, 2021
Link to Original Article: https://www.fool.ca/2021/01/09/hate-taxes-then-youll-love-this-little-2021-tax-cut/