Blogs

Natesh Pillai

Dec 14, 20223 min read

Lower-income renters in Canada can now apply for a one-time $500 top-up to the Canada Housing Benefi

Lower-income renters in Canada can now apply for a one-time $500 top-up to the Canada Housing Benefit From: Canada Revenue Agency News...

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Natesh Pillai

Dec 6, 20222 min read

CANADA DENTAL BENEFIT

Seeing a dental care professional is important not only for oral health, but for overall health. In Canada, a third of people do not have...

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Natesh Pillai

Nov 1, 20222 min read

Support for Businesses-CRA

Extending Credit Support for Businesses The Highly Affected Sectors Credit Availability Program has been providing government-guaranteed,...

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Natesh Pillai

Nov 1, 20221 min read

Support for Workers in the Live Performance Sector-CRA

Restrictions on gatherings and the closure of venues has meant that tens of thousands of workers in the live performance sector continue...

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Natesh Pillai

Nov 1, 20221 min read

Enhancing the Home Office Expense Deduction-CRA

Millions of Canadians were required to work from home during the pandemic. To help support this transition to working from home, in 2020...

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Natesh Pillai

Nov 1, 20221 min read

Enhanced Support for Teachers

Whether teaching from home or in the classroom, teachers have shown—throughout the pandemic, and always—that they are willing to go above...

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Natesh Pillai

Nov 1, 20222 min read

Government of Canada introduces legislation to make life more affordable for Canadians

Quick facts These measures total more than $4.5 billion in targeted support for the Canadians who need it most, of which $3.1 billion is...

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Natesh Pillai

Oct 24, 20221 min read

2022- Basic Personal Amount

Federal tax brackets in Canada will increase by 2.4% based on inflation. The basic personal amount (the amount of tax-free annual income)...

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Natesh Pillai

Feb 12, 20221 min read

Cryptocurrency- Earning

Cryptocurrencies are commonly acquired in two ways: bought through a cryptocurrency exchange earned through mining Mining involves using...

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Natesh Pillai

Feb 12, 20221 min read

Cryptocurrency-Reporting as either income or capital gain

Generally, if disposing of cryptocurrency is part of a business, the profits you make on the disposition or sale are considered business...

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Natesh Pillai

Feb 12, 20222 min read

Crypto Currency- Is it business income or capital gain?

The income you get from disposing of cryptocurrency may be considered business income or a capital gain. In order to report it correctly,...

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Natesh Pillai

Feb 12, 20221 min read

Northern residents deductions 2021

You may live in a prescribed zone and be eligible to claim these deductions. To find out, visit Line 25500 - Places located in prescribed...

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Natesh Pillai

Feb 12, 20221 min read

Educator School Supply Tax Credit –

To support teachers and early childhood educators in Canada, the government proposes to expand and enrich the Eligible Educator School...

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Natesh Pillai

Feb 12, 20221 min read

Zero-emission vehicles

The definition of zero-emission vehicle has changed for vehicles acquired after March 1, 2020. A vehicle may still qualify as a...

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Natesh Pillai

Feb 12, 20221 min read

2021- Home Office Expenses

You may be eligible to claim a deduction of up to $500 annually for home office expenses in the 2021 tax year using the temporary flat...

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Natesh Pillai

Feb 12, 20221 min read

Climate Action Incentive-2021

The Government of Canada has announced its intention to deliver the Climate action incentive (CAI) as a quarterly benefit payment. If you...

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Natesh Pillai

Feb 12, 20221 min read

INCOME TAX DEADLINES - CRA

Last year, Canadians filed almost 31 million income tax and benefit returns. Having the information you need on hand to file your return...

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Natesh Pillai

Feb 12, 20221 min read

CRA-Information Returns

Budget 2021 proposes to amend the Income Tax Regulations to allow issuers of T4A (Statement of Pension, Retirement, Annuity and Other...

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Natesh Pillai

Feb 12, 20221 min read

CRA-Correspondence with Businesses

Budget 2021 proposes to change the default method of correspondence for businesses that use the CRA’s My Business Account portal to...

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Natesh Pillai

Feb 12, 20221 min read

CRA-Changes to the Default Method of Correspondence (implementation postponed to July 2022)

Notices of Assessment Budget 2021 proposes to amend the Income Tax Act to provide the CRA with the ability to send certain notices of...

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