What’s New In Tax? COVID-19 Edition

Here are some tax and some non-tax changes for 2020 and 2021. Many changes have been enacted into law, but some were just proposed in the federal government’s Economic Statement of November 30, 2020.     Individuals No changes to federal personal tax rates in 2020. The 2020 tax brackets were adjusted for inflation. Payments of the Canada Emergency Response Benefit (CERB), the Canada Recovery Benefit (CRB), the Canada Recovery Sickness Benefit and the...