The Canada Workers Benefit (CWB) is a refundable tax credit to help individuals and families who are working and earning a low income. The CWB has two parts: a basic amount and a disability supplement.You can claim the CWB when you file your income tax return. For those who are entitled to the CWB on …
With direct deposit, you receive your tax refunds and benefit payments faster and securely, directly in your account at a Canadian bank or credit union. In the event of an emergency or unforeseen circumstance, using direct deposit will ensure you continue to get your payments on time. Click here to learn more. Information source from …
Use the t2125 form to report either business or professional income and expenses. This form combines the two previous forms, T2124, Statement of Business Activities, and T2032, Statement of Professional Activities. Click here to learn more and download the form. Information source from Canada Revenue Agency (CRA) Learn more
You must update your information with the Canada Revenue Agency (CRA) if you make changes to your business information or GST/HST account options. Update your account informationDepending on the type of change, you may be able to update the information in to your CRA account or you may have to contact the CRA. – Address …
All special elections and returns can be filed on paper or electronically. To file electronically, you or your authorized representative can use “Submit documents” on a CRA online account. Certain special elections can be filed electronically through an authorized third-party service provider using CRA certified software. Click here to learn more Information source from Canada …
The Canada training credit (CTC) is a refundable tax credit available to help Canadians with the cost of eligible training fees. You can claim the CTC for tuition and other fees paid for courses that you took in the year. Who can claimTo be eligible for the CTC, you must meet all 6 of the …
The Clean Economy electronic mailing list has officially launched — it’s your source for timely updates on clean economy tax credits, labour requirements, policy changes, and related guidance. Why subscribe?By joining the list, you’ll receive:1) Updates on Clean Economy Investment Tax Credits2) Information on labour requirements3) News on program developments, tools, and resources4) Invitations to …
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Starting in May 2025, the CRA transitioned to online mail as the default method of delivering most business correspondence. Businesses now receive most business notices and other correspondence through CRA’s secure online portal, My Business Account, instead of by paper mail. May 12, 2025: New business and program account registrations were transitioned to online mail.June …
On June 5, 2025, proposed legislation was introduced in the House of Commons to amend the Excise Tax Act to include a new GST/HST rebate for first-time home buyers (the “FTHB GST/HST rebate”). The information below is based on this proposed legislation which is currently subject to parliamentary approval and may change. The CRA is …
Only Canadian registered charities and other qualified donees can issue official donation receipts that allow donors to claim a charitable tax credit (individuals) or deduction (corporations) on their tax return. However, they are not obligated to do so. Make sure to ask the organization if there are any circumstances where they won’t provide a receipt. …
