CRA changed the authorization policy

Canada Revenue Agency has changed the tax payers’ authorization policy recently. Under the new rule,the tax payers have to have an online account with CRA through which they would authorize theirAccountants /Tax Preparers. Accountants /Tax Preparers can also...

ZERO RATED GOODS/SUPPLIES AND SERVICES

The government of Canada recently proposed to make zero rated GST/HST for the followinggoods/supplies and services from December 14, 2024 to February 15, 2025: Prepared foods for restaurants and fast foods; Snacks, Candy, Chips; Bear, Wine and Alcohol; Clothings for...

CANADA DENTAL BENEFIT

The Government of Canada is going to introduce a new benefit plan called CANADADENTAL BENEFIT. Eligible families earning less than $90,000/Y having children under12 years of old and do not have access to private dental insurance plan would get a tax-free payment of...

Canada GST Credit Is Now Doubled

Canada GST Credit Is Now DoubledThe government of Canada has doubled the Goods and Services Tax (GST) credit for half ayear in order to diminish the impact of inflation and make life more affordable forapproximately 11 million Low-income Canadians. Canadians who...