Canada News Centre

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Life in the Tax Lane May 2019

Doing anything with Bitcoin? You may be targeted by CRA. Find out if your online information was compromised; Taxpayer relief – financial hardship; Reassessments for statute-barred periods. Click below to read more: Life in the Tax Lane May 2019 Source: Tax Tips

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Government Benefits, Programs and Services

Links to information on benefits and services provided by the federal and provincial/territorial governments, for seniors, persons with disabilities, low-income, children, families, students and others. Click below to read more: Government Benefits, Programs and Services Source: Tax Tips

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Unclaimed Money – Is Some of it Yours?

The Bank of Canada holds about $888 million of unclaimed balances, and the BC Unclaimed Property Society holds over $159 million. There are separate Alberta and Quebec unclaimed property registries. Click below to read more: Unclaimed Money – Is Some of it Yours? …

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Canada 75% Emergency Wage Subsidy (CEWS)

Applications for CEWS opens today, April 27th. The 3rd version of CRA’s CEWS calculator doesn’t seem to follow the legislation. The Tax Templates Inc calculator follows the legislation. Click below to read more: Canada 75% Emergency Wage Subsidy (CEWS) Source: Tax Tips

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Federal 2021 Budget – April 19, 2021

No projected end to deficits; Increase for OAS pensioners age 75+; Extensions to emergency benefits; Increases to Canada Workers Benefit; Disability tax credit eligibility changes; COVID-19 benefit tax changes; COVID-19 business supports extended; New Canada Recovery Hiring Program; Immediate expensing of some capital assets for…

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Working Income Tax Benefit 2017 and 2018

The working income tax benefit (WITB) is a federal refundable tax credit for low-income individuals or families with working income over $3,000 (base amount for most provinces and territories). The tables for 2017 have been confirmed to CRA amounts. The tables for 2018 are our…