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2020 TAX TIPS - What are the TAX CHANGES for 2020

UNKNOWN OR MISUNDERSTOOD TAX REQUIREMENTS you should be aware of before you file your taxes this year. Including some BIG tax penalties. If you're wondering what are the tax changes for 2020 and some common tips you should know for tax in Canada, then this video is for you. We summarize some changes for the tax year as well as some tax return mistakes that can carry some pretty heavy penalties from Canada Revenue Agency ( CRA ). Watch to find out more about Canadian Tax Updates ALWAYS CONSULT A TAX PROFESSIONAL/ACCOUNTANT, THIS VIDEO IS NOT INTENDED TO REPLACE THE ADVICE OF AN ACCOUNTANT. EVERYONE'S SITUATION IS DIFFERENT AND HOW CANADA REVENUE AGENCY (CRA) RULES APPLY TO YOU, MAY BE DIFFERENT. OTHER VIDEOS TO CHECK OUT: AVOID A TAX NIGHTMARE!:    • AVOID A TAX NIGHTMARE! - Capital Gain...   RRSP UDATES 2020:    • RRSPs IN 2020 - Updates and COSTLY MI...   TFSA UPDATES 2020:    • TAXABLE TRANSACTIONS and other UNKNOW...   LOWER YOU TAXESl RRSPs:    • THE BASICS IN UNDER 3 MIN!   SPOUSAL RRSPs 101:    • WHAT IS A SPOUSAL RRSP?  RRSP vs Spou...   // LINKS BITCOINS AND BITCOIN MINING from Canada Revenue Agency: https://www.canada.ca/en/revenue-agen... FOREIGN PROPERTY T1135 Canada Revenue Agency: https://www.canada.ca/en/revenue-agen... LICENSED CANNABIS SELLERS IN CANADA according to Canada Revenue Agency website: https://www.canada.ca/en/health-canad... PERSONAL USE PROPERTY according to Canada Revenue Agency: https://www.canada.ca/en/revenue-agen... Weekly blog, resources & tools: https://theindependentdollar.com Follow The Independent Dollar on Twitter:   / indepdollar   // MAIL The Independent Dollar P.O. Box 85011 1250 Stittsville Main Street Stittsville, ON K2S 1X6 ***** IS THERE A TOPIC YOU WOULD LIKE TO LEARN ABOUT OR HAVE QUESTIONS ABOUT A FINANCIAL SITUATION? ***** If there is a scenario or example you would like to see, comment to let us know.

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