by Mustafa Alam | Jul 31, 2023 | Tax-News-Updates
Canadians have been struggling with rising inflation and fighting to cope with therising cost of essential goods and services.Since yesterday, Canadians eligible for the enhanced Canada Workers Benefit(CWB) began receiving the first of three automatic advance payments...
by Mustafa Alam | Nov 27, 2022 | Tax-News-Updates
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...
by Mustafa Alam | Oct 24, 2022 | Tax-News-Updates
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...
by Mustafa Alam | Aug 9, 2022 | Tax-News-Updates
Canada Revenue Agency (CRA) is going to send e-notifications about uncashedcheques to 25000 Canadians this month, another 25000 in this Novermber followed by25000 more in May 2023.CRA has approximately $1.4 billion worth of uncashed cheques in its coffers that...
by Mustafa Alam | Apr 2, 2022 | Tax-News-Updates
In the digital age, it’s crucial for consumer-facing businesses to develop and implement e-commerce capabilities to remain competitive. The adoption of digital technologies enables businesses to serve existing customers more effectively and to attract new...
by Mustafa Alam | Mar 5, 2021 | Tax-News-Updates
RESP FOR TAX PURPOSE: Is there a tax deduction for RESP? Unlike RRSPs, contributions to an RESP are not tax-deductible nor are they taxable when withdrawn. The main benefit of the RESP is the ability to have all earnings...
