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 […]
Retention of essential workers: register now!
Revenu Québec is inviting employees in essential services sectors to start registering for the Essential Worker Retention Incentive Program (PIRTE ) today, by logging on to My Account. By doing so, the organization hopes to avoid overloading its customer service when registration for the program officially opens on May 19. PIRTE provides financial assistance of […]
Low-income workers in essential sectors to receive $100 a week
The government announces the introduction of the Essential Worker Retention Incentive Program (EWRIP), which will provide a benefit of $100 per week for low-income earners working full-time or part-time in essential services. The purpose of this compensation is to ensure that full-time workers in essential sectors receive a higher salary than they would receive under […]
Choose the right day of the week for your ECP request
Applications for the Canada Emergency Benefit (CEP) can begin the week of Monday, April 6, 2020.There are 2 ways to apply: Online in My CRA file By phone using an automated telephone service 1-800-959-2019 Choose the right day of the week to apply when the system is available. Whether you make your request online or […]
Canada Emergency Benefit: register now!
You can now register for the Canada Emergency Benefit via this link. You will be asked (if you have not already done so) to create a My Account account with the Canada Revenue Agency (CRA). All applications transcribed after March 15 will be processed automatically for the Canada Emergency Benefit. This step will give you […]
Minister Morneau finally clarifies income-splitting rules!
The legislative proposals tabled on July 18 are still being discussed. Indeed, the Minister of Finance tabled a new draft of legislative proposals on December 13. That’s why we’re presenting you with the third chapter on this subject, following on from the articles entitled “Tax planning using private corporations” and “Latest changes following the July […]
RELEVANT INFORMATION FOR YOUR 2016 TAXES
It’s that time of year again when we have to think about preparing our tax returns. For most of us, this can be a real headache, as it’s hard to know what documents and information to send to our accountant to maximize the deductions and credits to which we’re entitled.
PERSONAL INCOME TAX RETURNS: Are you ready?
Every year, when the snow begins to melt and spring is just around the corner, it’s time to start thinking about filing our income tax returns. For most of us, this becomes a real headache. Here’s a summary of what’s new for 2016, both federally and in Quebec, as well as a brief reminder of measures already in effect.