The CRA has reminded individuals to file their 2020 personal taxes even if it is past the April 30, 2021 deadline. They highlighted some good reasons for doing so, including the following:
• You may be eligible for a refund
• You may be eligible for benefits or credits payments
• Don’t risk interrupting your COVID-19 benefits
$1,200 Canada Child Benefit
The CRA has reminded families they could receive up to $1,200 in Canada Child Benefit (CCB) in support per child under the age of six in 2021. The first payments will be issued May 28, 2021. Families that qualify must file their 2019 and 2020 returns to receive payments.
This information is for discussion purposes only and should not be considered professional advice. There is no guarantee or warrant of information on this site and it should be noted that rules and laws change regularly. You should consult a professional before considering implementing or taking any action based on information on this site. Call our team for a consultation before taking any action. © 2021 Shajani LLP.
Shajani LLP is a CPA Calgary, Edmonton and Red Deer firm and provides Accountant, Bookkeeping, Tax Advice and Tax Planning services.