While the COVID-19 pandemic has hampered the health of many, it has also impacted livelihoods and businesses. If you have faced financial setbacks due to the virus, besides looking after your physical and mental health, you’ll need to pay attention to your financial standing as well. Accordingly, your next step is to determine the best way to maintain steady cash flow so that you can obtain the necessities you need to survive.

When it comes to saving money and getting a tax break, there are several options to choose from, and TFSA and RRSP investments are at the forefront! If you have a sufficient flow of income, investing in both options can multiply your saving and tax benefits. However, if you find it challenging to invest in them together, you’ll need to choose between the two.

Filing tax returns either as an individual or on behalf of your business can be a time-consuming and challenging affair. To make this process more manageable and ensure that you avoid tax return mistakes that could cost you a hefty sum of money, it’s advisable to enlist the services of an experienced Chartered Professional Accountant to assist you in filing your tax returns. To ensure that you file your tax returns correctly, Sabeeh Naseer, Chartered Professional Accountant has listed five tips to help you with your tax returns. Keep reading to know what they are.

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