Deadlines: 2020 tax returns and payments
Here are the current deadlines for the year 2020, they relate to the return and payment of income tax for individuals, corporations, trusts and charities : Individuals – Deadlines Production date April 30, 2021 Filing your return on time helps you avoid delays and ensure that you receive any refunds, benefits or credit payments to […]
Tax 2020: new flexibility measures
Citizens who have received assistance in connection with COVID-19 will not have to pay interest on their 2020 tax balance for a period of one year. This measure is designed to simplify life for those who have been affected by the pandemic. More specifically, citizens who received the Canada Emergency Benefit (CEP), the Canada Student […]
A tool to calculate the deduction for telecommuting expenses during the pandemic
The Quebec government announced on December 16, 2020 that the Ministère des Finances would be putting an interactive calculation tool online to help citizens choose the most appropriate method for claiming the deduction for telecommuting expenses incurred during the COVID-19 pandemic. This tool is now available, and will enable citizens to determine which calculation method […]
Important information about the Canadian Business Emergency Account and the Canada Emergency Rent Grant
Canadian Business Emergency Account (CBEEA) It is now possible to apply for the additional $20,000. All companies that initially apply for the $40,000 are automatically eligible. They should visit their financial institution’s website and follow the instructions for applying for CUEC. The deadline for the initial $60,000 application or the $20,000 bonus is March 31, […]
Three new services to boost the economy
To ensure that Canadians continue to receive the help they need, the Government of Canada has introduced three new benefits to be administered by the Canada Revenue Agency: the Canadian Economic Recovery Benefit (CERB), the Canadian Recovery Health Benefit (CRHB) and the Canadian Caregiver Economic Recovery Benefit (CCERB). The PCRE application process was launched on […]
REVENU QUÉBEC TO BE FLEXIBLE FOR INDIVIDUALS AND BUSINESSES
Revenu Québec is closely monitoring the evolution of the pandemic in Quebec, and has taken note of the decisions announced by the Quebec government regarding the hard-hit regions. It is sensitive to the concerns of Quebecers, and to the impact the pandemic may have on the population. This is why it is important to reiterate […]
How are self-employed Canadians faring economically during the pandemic?
A new study examines the degree of dependence on self-employment income among self-employed workers with and without T4 Supplementary income (wages and salaries for which a person receives a T4 slip). It also looks at the impact this degree of dependence may have on their ability to cope with financial difficulties after COVID-19. The presence […]
Canada Revenue Agency increases fixed amount for meal claims and reasonable amount for meal allowances and grants
The Canada Revenue Agency will increase from $17 to $23 the amount employers can use to determine whether an overtime meal allowance or meals provided during overtime, as well as the “meal” portion of a travel allowance, are taxable. The Agency has also increased from $17 to $23 per meal the amount that transportation employees […]
Socio-tax programs – Revenu Québec invites Quebecers to file their tax returns by September 30
Revenu Québec reminds Quebecers that they have less than a month left, until September 30, 2020, to file their income tax returns in order to continue to benefit from the socio-tax programs to which they are entitled. It’s in everyone’s interest to file their tax returns promptly, as the vast majority of them are entitled […]
Tax balance payment deadline extended to September 30
The Quebec government is extending a flexibility measure to help citizens and businesses cope with the consequences of the COVID-19 pandemic. The deadline for paying the tax balance has been extended from September1 to September 30, 2020. This deferral will apply to individuals, corporations and trusts. It will help them get through this exceptional period […]