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ARTICLE · 11 FEBRUARY 2021

How To Impact Your 2020 Tax Bill

Crowe MacKay LLP's trusted advisors work for you – this means we take the time to know our clients. Whether it's your first time filing taxes, or you consider yourself a pro...

CanadaTax

Crowe MacKay LLP's trusted advisors work for you – this means we take the time to know our clients. Whether it's your first time filing taxes, or you consider yourself a pro, Crowe MacKay's tax team is here to ensure you are getting the most from your return. We highlight common areas where you may be eligible to impact your tax bill.

Accounting fees and legal fees

Certain accounting or legal fees such as the cost of representation on tax disputes are deductible in the year paid. If you have these costs be sure to pay them before the end of the year.

Charitable or political donations

If you are planning to give money to a charity or political party, make sure the gift is made before December 31, 2020 to ensure you can claim the tax credit on your 2020 return.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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