Register for My Account – Canada Revenue Agency

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My Account is a secure portal that lets you view your personal income tax and benefit information and manage your tax affairs online. To register for My Account, go to canada.ca/my-cra-account and select “CRA register.” * Note that before you can use this option to register, you must have filed your income tax and benefit return for the current tax year or …

How COVID-19 Benefits Impact Your 2020 Taxes

Lisa C. COVID-19, Finance, Newcomer Information, Updates Leave a Comment

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 …

Tax Slips for 2020 Taxes

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Where do you get your tax slips? Tax slips are prepared by your employer, your pension providers or financial institutions. If you’ve lost a slip or haven’t received one, ask your employer/payer for it. 🎥 Watch this short video to learn the basics of filing personal income tax return in Canada! For COVID-19 benefits recipients, you will receive a T4A …

CRA Mobile Web Apps

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The Canada Revenue Agency has a series of mobile web apps to help individuals and business owners receive updates on their benefits and credits. Mobile web apps are NOT mobile applications, but websites designed to resemble the feel of smartphone apps. MyCRA Available: web securely access key portions of your tax information pay your tax balance owing MyBenefits CRA Available: …

Video: Things You Need to Know about Filing Income Tax Returns

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Welcome to Newcomer LearningHub! In this short video, let’s learn about: filing personal income tax returns in Canada! Topics covered in this video include: Why do we pay income tax? What are the benefits of paying income tax? Who are required to pay income tax? What documents and receipts should you prepare before hand? Where to get free support for …

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 …