Beware of schemes that promise large tax deductions or tax-free income

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Tax schemes are plans and arrangements that try to deceive taxpayers by promising to reduce the tax they owe, for example, through large deductions, increased rebates or promises of tax-free income. Tax schemes can include illegitimate ways of convincing people to pay less tax or to increase their claims for credits and benefits.

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Original Article Source Credits:   CANADA , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  September 3, 2020

Link to Original Article:  https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2020/beware-schemes-promise-large-tax-deductions-tax-free-income.html

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