TAX NEWS
Canada Revenue Agency to begin issuing T4A’s to COVID-19 emergency and recovery benefit recipients
Monday, January 11, 2021
“Starting today, Canadians will begin receiving T4A slips from the CRA for these benefits to support their tax filing. The T4A is virtually identical to the T4 slips Canadians are used to receiving from their employers, but rather than employment income, they provide the amounts of COVID-19 benefits received from the CRA in 2020.”
For more details, click here Government of Canada: Canada Revenue Agency.
An innovative federal program that makes it more affordable for young Canadians to buy their first home
Monday, April 15, 2019
“The proposed Budget 2019 measure will help families take their first steps toward home ownership through a new First-Time Home Buyer Incentive that would reduce the mortgage payments required for first-time home buyers looking to own a home.”
For more details, click here Government of Canada: Canada Revenue Agency.
Tax and benefit implications as normal postal operations resume
Friday, November 9, 2018
“Beginning October 22, 2018, mail delivery in all regions across Canada may be interrupted or delayed by a possible postal disruption at Canada Post.”
For more details, click here Government of Canada: Canada Revenue Agency.