Free CRA Webinars in March

Lisa C. Finance, Newcomer Information, Updates

As the 2021 tax season is in full swing, join the Canada Revenue Agency’s Outreach Team for a series of free webinars Tuesdays in March from 1pm to 2 pm. Outreach officers from the Canada Revenue Agency will share information on the following topics: March 9: Benefits and Credits: The GST credit, Canada Child Benefit, Child Disability Benefit, Canada Workers …

How COVID-19 Benefits Impact Your 2020 Taxes

Lisa C. COVID-19, Finance, Newcomer Information, Updates

Received COVID-19 benefits in 2020? They are considered to be taxable incomes: Canada Emergency Response Benefit (CERB) Canada Emergency Student Benefit (CESB) Canada Recovery Benefit (CRB) Canada Recovery Sickness Benefit (CRSB) Canada Recovery Caregiving Benefit (CRCB)  Learn where to get tax slips for the 2021 tax season. If you received the CERB or CESB, no tax was withheld when payments …

What Income Do You Have to Report When Completing Tax Return

Lisa C. Finance, Newcomer Information

For the part of the tax year that you were considered a resident of Canada You have to report your world income. World income is income from all sources both inside and outside Canada earned after becoming a resident of Canada for income tax purposes on your Canadian tax return. Are you a resident of Canada? You become a resident …

Claiming Home Office Expenses

Lisa C. COVID-19, Daily Life, Finance, Newcomer Information, Settlement & Community News, Settlement News, Updates

Un message en français suivra. Employees who worked from home more than 50% of the time over a period of a least four consecutive weeks in 2020 due to COVID-19 will now be eligible to claim the home office expenses deduction for 2020. A new temporary flat rate method will allow eligible employees to claim a deduction of $2 for …

Money Smart Program

Michelle Mak Community, Daily Life, Finance, Newcomer Information

Need some tips on how to save money? Or are you struggling on understanding the Canadian financial system? The Immigrant Education Society has programs and services that are available for you! Money Smart offers help in 4 different ways: 1. Financial CoachingFinancial Coaching offers one-on-one support for anything related to your finances. Meet with an expert who can answer your …

Apply for the Tax Instalment Payment Plan (TIPP)

Michelle Mak Finance, Newcomer Information

What is the Tax Instalment Payment Plan (TIPP)? TIPP is a popular program that allows you to pay your property tax​ on a monthly basis instead of one payment in June. The payment automatically comes out of your chequing account the first day of every month. TIPP makes budgeting easier and eliminates the risk of a 3.5% late payment penalty. In response …

UofC Law Students offering free legal service for Albertans facing debt

Michelle Mak Community, Finance, Newcomer Information

The Consumer Debt Negotiation Project is a project that aims to help Albertans facing debt by offering free legal advice. This project is done by the University of Calgary law school students who are volunteering their time to help those in need. The clinic is also collaborating with Pro Bono Law Alberta’s ongoing duty counsel and amicus programs as well …

Funding to help Canadians develop work skills

Michelle Mak Community, Employment, Finance, Newcomer Information

The Prime Minister, Justin Trudeau announced on November 13, the details of an investment of $1.5 billion in the Workforce Development Agreements (WDAs) with provinces and territories. This investment will help Canadians in underrepresented groups and in sectors that have been hardest hit by the pandemic (such as construction, transportation, and hospitality) quickly access supports to re-enter the workforce. This …