Citizens are lucky to have access to a wide range of shared services and benefits in Canada. The GST/HST credit is one of these advantages. In summary, families with low to moderate incomes are given the GST/HST credit to help lower the cost of sales taxes. Continue reading if you are waiting for Canada GST … Read more
In coming days, the federal government will give a one-time payment to a large number of Ontarians. The grocery rebates were included in Canada’s 2023 budget announcement in an attempt to relieve the burden of rising food prices and inflation. They should begin Grocery Rebate Ontario to be sent out soon along with the subsequent … Read more
Every year, filing your income tax return can be overwhelming, especially when you realize how many deadlines and tax dates you need to keep in mind. I have put together a list of the Canada Tax Deadline 2024 Schedule for both individuals and businesses to help you get organized. So check this page for Canada … Read more
In Canada, the tax rate rises with an individual’s income due to the progressive system. Just to keep you aware, both federal and provincial/territorial taxes use a progressive tax system. Each has its own distinct tax bands. Your taxable income in Canada is determined by deducting allowable expenses from your total gross income from all … Read more
The Government of Ontario has established a 2.5% yearly rent increase guideline for 2024. For a rental property that is neither exempt from rent control or the subject of an application for a rent increase above the guideline that is submitted to the Landlord and Tenant Board, the Ontario Rent Increase Guidelines 2024 is the … Read more
In the first quarter of 2024, the Canada Revenue Agency (CRA) will start charging 10% late payments, up from the existing 9%. Four percentage points more is added to the recommended rate for late taxes by the CRA than it is for family loans. This quarter’s prescribed interest rate which was 5% for loans to … Read more
In Canada for the past many years, the transportation sector that is powered by fossil fuels has been a major global contributor to CO2 emissions, which has kept it on the agenda for energy policy. Among OECD nations, Canada consumes the second most gasoline, and over the 1990s, the country’s proportion of gasoline expenditures has … Read more
In today’s time, we are required to pay GST/HST for every item as GST is a type of tax. You have to register for Goods and Services Tax (GST). You can register it online via official website of Canada Revenue Agency (CRA). For this you have to fill Canada GST Registration 2023 and you can … Read more
So here I want to update you that the Nova Scotia Minimum Wage 2023 has been revised from 1 October 2023. The minimum wage for general workers has increased from CAD 14.50 to CAD 15.00 per hour. The current minimum wage in Nova Scotia is CAD 15 per hour. It complies with government of Canada … Read more
Canada RIT is a way to get a refund of the taxes you paid from the Canadian government. Not all Canadians will be eligible for the Canada RIT online application, but certain individuals can file an RIT Return from the Canada Revenue Agency to have their return deposited into their bank account. Today I am … Read more