What you need to know about tax season

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Tax season 101: What you need to know

Rounding it up

  • Taxes are due on April 30 each year for most Canadians; those who are self-employed have until June 15th. Payments are due at the time you submit your return.

  • There are various types of income you’ll need to include on your return, including employment income, investment returns, and payments from retirement accounts.

  • Deductions, expenses, and credits can reduce your overall taxable income and help you offset some costs you’ve incurred during the year, like childcare or medical expenses.

6 min read

Dan Bucherer
#tax#tax season#tax returns#credits

Dan Bucherer

Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.

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