Sales Tax Canada: What Are GST, HST, and PST? Understanding sales taxes in Canada is essential for both consumers and businesses. Canada operates a complex tax system that varies across its provinces and territories. The three primary types of sales taxes in Canada are the Goods and Services Tax (GST), the Harmonized Sales Tax (HST), […]
T4A slips for 2020 tax year If you received any of the COVID-19 emergency or recovery benefits, you will get a T4A slip from the Canada Revenue Agency (CRA). Quebec residents will get both a T4A and RL-1 slip. The CRA will provide T4A slips starting in January 2021. You should receive your T4A slip before
CRA and COVID-19: Benefit amounts on your T4A slip Read More »
1) Top-up amount ($20 K) application will be available today (Dec. 4, 2020) or on Monday (Dec. 7, 2020)2) the deadline is extended up to Mar. 31, 2020, for bot Top-up and the original amount. please follow the chart and learn about the process
According to the CRA announcement yesterday, the maximum pensionable earnings under (CPP) for 2021 will be $61,600. The employee and employer contribution rates for 2021 will be 5.45%—up from 5.25% in 2020The maximum employer and employee contribution to the plan for 2021 will be $3,166.45 each and the maximum self-employed contribution will be $6,332.90. The
The CRA is further extending the payment due date for 2019 individual tax returns and 2019 or 2020 corporation, or trust returns, as well as for installment payments, from September 1, 2020, to September 30, 2020.
