CRA Cash Benefit: How to Get Another $6,000 in CRB Payment
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The Canada Revenue Agency (CRA) has just bought some relief to Canadians this tax season. As the April 30th deadline nears, the tension of the income tax bill is rising. On top of that, unemployed Canadians, who have been relying on the Canada Recovery Benefit (CRB), are worried about maxing out their $13,000 benefit by March-end.
The CRA increases the CRB by $6,000
The second wave of the pandemic has slowed the economic recovery. It has increased the unemployment rate to 9.4% in January from 8.6% the previous month.
Which Is a Better Investment Account: TFSA versus RRSP?
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Are you considering investing and searching for the top stocks to buy? Before doing so, you should know that whatever money you earn from investing entails a tax. You get a T5 slip which gives you a summary of your investment income. The Canada Revenue Agency (CRA) encourages Canadians to save money by offering many registered savings accounts with tax benefits. Two popular accounts are Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs).
TFSA versus RRSP
The purpose of TFSA and RRSP is different, and the CRA designed them accordingly. If you use them optimally, you can make the most of them.
CRA Cash Benefits: Parents Don’t Miss Out on the 1-Time $300 CCB/Child
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Hindsight is 2020! Last year was a big lesson for the world. A virus shook the biggest economies and locked everyone in their homes. But it also gave parents time to spend with their kids. The internet was flooded with creative ways parents used to keep their young ones engaged and prevent them from going out. The Canada Revenue Agency (CRA) supported the parents with the Canada Child Benefit (CCB) a one-time payment of up to $300 in May 2020.
The one-time $300 CCB
If you didn’t receive this one-time payment at the peak of the pandemic, you can claim it now. The CRA gives the CCB to those who file their taxes regularly. The CCB is a tax-free cash benefit the CRA credits into your account every month to help you pay for the child care.
CRA Tax Credits: Don’t Miss the $500 Canada Training Credit in 2021
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The world is changing at a rapid pace. The technology is updating, and so should you. Not knowing is not an option. The Canada Revenue Agency (CRA) encourages you to upgrade your knowledge and move ahead in your career. Hence, it introduced the Canada Training Credit (CTC) in 2020.
What does it take to get the Canada Training Credit?
If you think the CTC is only for university students pursuing their bachelor’s or master’s, read further. Learning has no age. The CRA designed the CTC especially for the working professionals, but others can also avail this benefit.
One year on and 50% up, the All Technology Index is booming
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Next week marks one year since the
S&P/ASX All Technology Index (ASX: XTX) debuted. Launched at the end of February 2020, the All Technology Index debuted just in time for the March market meltdown.
The index saw its value tumble 42% between launch and the March 2020 low point. But all was not lost since its March low, the index has regained 159% and is now up 50.5% from its debut, having performed on par with the NASDAQ 100 over the same period.
The All Technology Index was designed to be representative of Australia’s burgeoning tech sector. Consisting of 46 companies with a combined market capitalisation of over $100 billion on debut, the index now includes 69 companies with a combined market capitalisation of over $170 billion. The top 10 companies in the index, by market capitalisation, are: