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CRA-Tax Filing dates for 2022 taxes
Mar 1, 2023: Deadline to contribute to an RRSP, a PRPP, or an SPP Apr 30, 2023 (May 1, 2023 since April 30 is a Sunday): Deadline to file...
Natesh Pillai
Jan 31, 20231 min read
Complaints about CRA up 70 per cent from pre-pandemic year: taxpayers' watchdog
OTTAWA - The number of complaints about the Canada Revenue Agency (CRA) filed with the taxpayers’ watchdog was more than double in the...
Natesh Pillai
Dec 16, 20222 min read
Lower-income renters in Canada can now apply for a one-time $500 top-up to the Canada Housing Benefi
Lower-income renters in Canada can now apply for a one-time $500 top-up to the Canada Housing Benefit From: Canada Revenue Agency News...
Natesh Pillai
Dec 14, 20223 min read
CANADA DENTAL BENEFIT
Seeing a dental care professional is important not only for oral health, but for overall health. In Canada, a third of people do not have...
Natesh Pillai
Dec 6, 20222 min read
Support for Businesses-CRA
Extending Credit Support for Businesses The Highly Affected Sectors Credit Availability Program has been providing government-guaranteed,...
Natesh Pillai
Nov 1, 20222 min read
Support for Workers in the Live Performance Sector-CRA
Restrictions on gatherings and the closure of venues has meant that tens of thousands of workers in the live performance sector continue...
Natesh Pillai
Nov 1, 20221 min read
Enhancing the Home Office Expense Deduction-CRA
Millions of Canadians were required to work from home during the pandemic. To help support this transition to working from home, in 2020...
Natesh Pillai
Nov 1, 20221 min read
Enhanced Support for Teachers
Whether teaching from home or in the classroom, teachers have shown—throughout the pandemic, and always—that they are willing to go above...
Natesh Pillai
Nov 1, 20221 min read
Government of Canada introduces legislation to make life more affordable for Canadians
Quick facts These measures total more than $4.5 billion in targeted support for the Canadians who need it most, of which $3.1 billion is...
Natesh Pillai
Nov 1, 20222 min read
2022- Basic Personal Amount
Federal tax brackets in Canada will increase by 2.4% based on inflation. The basic personal amount (the amount of tax-free annual income)...
Natesh Pillai
Oct 24, 20221 min read
Cryptocurrency- Earning
Cryptocurrencies are commonly acquired in two ways: bought through a cryptocurrency exchange earned through mining Mining involves using...
Natesh Pillai
Feb 12, 20221 min read
Cryptocurrency-Reporting as either income or capital gain
Generally, if disposing of cryptocurrency is part of a business, the profits you make on the disposition or sale are considered business...
Natesh Pillai
Feb 12, 20221 min read
Crypto Currency- Is it business income or capital gain?
The income you get from disposing of cryptocurrency may be considered business income or a capital gain. In order to report it correctly,...
Natesh Pillai
Feb 12, 20222 min read
Northern residents deductions 2021
You may live in a prescribed zone and be eligible to claim these deductions. To find out, visit Line 25500 - Places located in prescribed...
Natesh Pillai
Feb 12, 20221 min read
Educator School Supply Tax Credit –
To support teachers and early childhood educators in Canada, the government proposes to expand and enrich the Eligible Educator School...
Natesh Pillai
Feb 12, 20221 min read
Zero-emission vehicles
The definition of zero-emission vehicle has changed for vehicles acquired after March 1, 2020. A vehicle may still qualify as a...
Natesh Pillai
Feb 12, 20221 min read
2021- Home Office Expenses
You may be eligible to claim a deduction of up to $500 annually for home office expenses in the 2021 tax year using the temporary flat...
Natesh Pillai
Feb 12, 20221 min read
Climate Action Incentive-2021
The Government of Canada has announced its intention to deliver the Climate action incentive (CAI) as a quarterly benefit payment. If you...
Natesh Pillai
Feb 12, 20221 min read
INCOME TAX DEADLINES - CRA
Last year, Canadians filed almost 31 million income tax and benefit returns. Having the information you need on hand to file your return...
Natesh Pillai
Feb 12, 20221 min read
CRA-Information Returns
Budget 2021 proposes to amend the Income Tax Regulations to allow issuers of T4A (Statement of Pension, Retirement, Annuity and Other...
Natesh Pillai
Feb 12, 20221 min read
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