Page 2 - Benefit Return News Today

Ontario has introduced the Staycation Tax Credit for 2022, to encourage families to explore the province and s...

With the 2021/22 tax season fast approaching, the Ontario government is trying to keep a little extra cash in ...

With the 2021/22 tax season fast approaching, the Ontario government is trying to keep a little extra cash in ...

“The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province, while helping the tourism and hospitality sectors recover from the financial impacts of the COVID-19 pandemic,” the government said in a statement.

“The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province, while helping the tourism and hospitality sectors recover from the financial impacts of the COVID-19 pandemic,” the government said in a statement.

Rudy Mezzetta The federal government is proposing to eliminate written signatures on a number of key tax forms and to allow the Canada Revenue Agency (CRA) to automatically issue electronic copies of the notice of assessment when returns are filed electronically.  These as well as other tax administration measures proposed in the federal budget tabled on Monday are meant “to improve the CRA’s ability to operate digitally, resulting in faster, more convenient and accurate service, while...

The Globe and Mail Evelyn Jacks Published March 16, 2021 /iStockPhoto / Getty Images Get ready for a complex tax season. Aside from the challenge of filing taxes during a pandemic, Canadians face a basic T1 Income Tax and Benefit Return form with various Schedules totalling more than 40 pages for the 2020 taxation year. Although that makes the task more arduous for financial professionals, it can lead to new opportunities. Against the backdrop of the most significant public health crisis in...