Do you know that the Canada Emergency Relief Benefit (CERB) payments provided by the Canadian Government are taxable? Have you thought about the impact on your taxes next April?
We can review your income statements to start the preparation for your 2020 tax return
An interesting write up was done about the tax implications by Craig Wong for CTV news. See link below
The Government of Ontario is offering a one time financial support to parents to assist with some of the educational costs for the 2020-2021 school year.
Eligible parents or guardians will receive a one-time payment of:
$200 for each child up to age 12
$250 for each child or youth up to age 21 with special needs
You are eligible to apply if you are a resident of Ontario and a parent or guardian to a child:
up to age 12
up to age 21 if they have special needs
The deadline to apply is January 15, 2021.
Click on the below link to apply if you are eligible
