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Coronavirus: Everything you need to know about COVID-19 and your taxes, explained

PREPARING TO FILE Experts say that this year’s tax returns could look very different than what Canadians are used to – and to plan accordingly. “I think for millions of Canadians, this might be the first time that they could actually owe money when they file their tax return,” said Managing Director, Tax and Estate planning at CIBC Private Wealth Management Jamie Golombek, in a telephone interview with CTVNews.ca Wednesday. “People are so used to getting a tax refund and this year could be different because they ve received all these benefits in many cases, haven t paid tax on it.”

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