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5994395 - front view of the canadian parliament building , with nobody showing

New legislation will adopt a number of measures from the 2019 budget

  • By: IE Staff
  • May 4, 2021 May 4, 2021
  • 16:47
Piggybank With Eyeglasses And Calculator On Wooden Table, TFSA, RRSP

The tax agency has not provided an extension to the April 30 deadline for 2020 returns

Some people may owe the CRA money for the first time as a result of the emergency benefits they received

Retro image of male hand of a designer drawing with the stylus on a grey graphics tablet, close-up.

The CRA would issue electronic notices of assessment as the default when returns are filed electronically

Quebec flag billowing in the breeze

The move is putting pressure on Ottawa to do likewise

tax calculator with red button

The Canada Revenue Agency provided pointers for business owners who received Covid-19 benefits

  • By: IE Staff
  • April 7, 2021 April 7, 2021
  • 14:28
United States Capitol, Washington DC

U.S. taxpayers will have until May 17 to file and pay taxes owing

tax calculator with red button

Don't file without an amended slip, EY Canada suggests

The government has proposed automated returns for simple tax situations

Rideau Canal skating rink, Parliament of Canada in winter

A think tank is also calling for a top marginal tax bracket to help pay for the large deficit