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In a year where many Canadians experienced a change in their financial situation, owing money on taxes is the last thing anyone needs. This makes the upcoming tax season stressful
if not downright terrifying.
Luckily, there are a myriad of federal and provincial credits and deductions that can help, and even get some extra cash in your pocket! Understanding which benefits you qualify for and how they can work for you is the key to getting the most out of your 2020 tax returns.
In partnership with H&R Block, here are some of the main credits and deductions you should keep an eye out for.