Multigenerational Home Renovation Credit Vs. Home Accessibility Tax Credit: Can You Claim Both For the Same Expense?
The Multigenerational Home Renovation Tax Credit (MGHRTC) and the Home Accessibility Tax Credit (HATC) are…
Lower-income renters in Canada can now apply for a one-time $500 top-up to the Canada Housing Benefit
Canadians must meet all the following conditions to be eligible for the new benefit:
Eligible applicants can quickly and easily apply for the one-time top-up to the Canada Housing Benefit through their Canada Revenue Agency (CRA) My Account.
Applications for the new Canada Dental Benefits are now open
The Canada Dental Benefit will give eligible families up-front, direct payments of up to $650 a year per eligible child under 12 for two years (up to $1,300) to support the costs of dental care services.
In order to access the benefit, applicants must meet all of the following criteria:
If you are eligible, the current period you can apply for is:
To apply, you will need:
The Government of Canada launches formal consultations to streamline reporting of payroll information
Currently, employers must provide the same or similar information to multiple government departments at different times, such as to the CRA for tax purposes or to Employment and Social Development Canada (ESDC ) for Employment Insurance benefits. Government requests are also not always aligned to information employers have readily available in their payroll systems. Canadian businesses would benefit from this modernization and streamlining by being able to share information directly with the Government of Canada in one place, reducing duplication and effort, it would also improve the speed and accuracy of delivering services and benefits to Canadians.
To achieve this, last month, the Canada Revenue Agency (CRA) and (ESDC are launched formal consultations as part of a large scale ePayroll reporting solution project.
The CRA and ESDC will consider the input they received to inform a proposal for a future implementation of a real-time ePayroll system, and ensure that businesses of all sizes benefit from this work, by March 2024.
CRA’s Disability Advisory Committee submits 10 recommendations in its third annual report
The Canada Revenue Agency’s (CRA) Disability Advisory Committee (DAC) released its 2022 annual report today. The report includes 10 recommendations for potential improvements to the disability tax credit (DTC) and its administration.
The recommendations are organized into three categories: DTC eligibility and structure; DTC appeals and review process; and protecting the legal interests of DTC applicants where applicable.
The report also recognizes the progress the CRA has made to improve its services for persons with disabilities, including:
The CRA looks forward to undertaking a more in-depth review of these recommendations to determine how the administration of the DTC can be further improved.
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