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Tax changes for Canadians in 2021

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With less than one quarter of Canadians registered as organ and tissue donors, the revenue agency says it is uniquely positioned to help raise awareness around the issue.
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There will be uncertainty this year because of COVID-19, but Canadians will continue to pay taxes.

There are a few changes in 2021 to watch out for.

Canada Pension Plan premiums are increasing as part of a multi-year plan approved by the provinces and the federal government.

The Canada Revenue Agency says those of us planning for retirement can set aside $500 more in their registered retirement savings plans.

Carbon taxes will increase in the provinces that haven’t achieved the federal government’s climate action targets.

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