Tax Slips for 2020 Taxes

Lisa C. Uncategorized

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

Lisa C. Newcomer Information

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

Lisa C. Community, Newcomer Information

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 …

Deadline Extended for Disability Tax Credit Application to Receive COVID One-Time Payment

Lisa C. Accessibility, COVID-19, Settlement & Community News, Updates

The COVID-19 pandemic has created challenges for some Disability Tax Credit (DTC) applicants when collecting the information required. Taking that into consideration, the Canadian Government has recently made the announcement below: The deadline to apply for the Disability Tax Credit (DTC) to receive the one-time payment has been extended from September 25, 2020, to December 31, 2020. The one-time non-taxable …

Is My Account Affected in the Recent CRA Hacking Incident?

Lisa C. Newcomer Information, Settlement & Community News, Settlement News, Updates

In the recent CRA hacking incidents, hackers used passwords and usernames from previous hacks in other organizations to access CRA accounts. As the CRA works to prevent future cyber incidents, we as taxpayers need to be aware if our accounts are affected. How do I know if my CRA account is affected? You will receive a letter (registered mail) from …

Why CRA May Call You & How to Spot Scammers

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

As the Canada Revenue Agency (CRA) gradually reopens some programs and services, CRA employees may be calling you to discuss your tax and benefit situations. However, you should be aware of scammers pretending to be CRA employees. Reasons the CRA may call: The CRA may call if they previously wrote to you, or in any of these situations: If you …