Tax
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March 26, 2024
Review launched on CRA’s delay in giving child benefit payments to temporary residents
Taxpayers’ Ombudsperson François Boileau has launched a systemic examination into issues that may be preventing a number of temporary residents from receiving the Canada Child Benefit (CCB) on time.
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March 26, 2024
Small firms borrowing to refinance COVID loans, says business group
An estimated 23 per cent of small businesses in Canada have had to borrow money to refinance their Canada Emergency Business Account (CEBA) loans to maintain access to the forgivable portion, according to a survey by the Toronto-based Canadian Federation of Independent Business (CFIB).
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March 26, 2024
Disputing the clawback of COVID benefits
Currently, the government of Canada is doing its best to claw back benefits provided during the COVID-19 pandemic. That task is being carried out by the Canada Revenue Agency (CRA), Canada’s largest and most powerful collections agency. Accordingly, inconsistent eligibility decisions are likely.
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March 25, 2024
Ontario extending gas tax cuts until end of the year
The Ontario government is proposing legislation that would extend the existing gasoline and fuel tax cuts until Dec. 31.
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March 25, 2024
CRA: Many potential personal service businesses improperly claiming small business deduction
Many potential personal services businesses (PSBs) are incorrectly claiming the small business deduction, according to phase 1 findings of a CRA initiative to educate both PSBs and corporations hiring them on tax obligations.
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March 22, 2024
Appeal court finds 'miscarriage of justice' in $2 million fraud case, orders new trial
The Ontario Court of Appeal has allowed an appeal in a case where the appellants claimed $2 million against the respondent for an alleged accounting fraud that involved deleting records of money owed and reversing who the money was owed to.
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March 22, 2024
Tax preparer jailed for $34 million charitable donation fraud
A Brampton, Ont. man has been sentenced to three years in jail for fraud over $34 million, according to a March 22 enforcement notification issued by the Canada Revenue Agency (CRA).
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March 22, 2024
Ottawa looks to reduce percentage of temporary residents to five per cent of population
Citing the need to “ramp things down,” in part to address Canada’s “affordability challenge” in such areas as housing, Immigration Minister Marc Miller says the federal government wants to stem the rapid growth in temporary residents by reducing their number over the next three years from 6.2 per cent of Canada’s population (2.5 million people in 2023) to five per cent.
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March 22, 2024
Canada to set temporary immigration levels starting in September | Colin Singer
Canada will start limiting temporary immigration and gradually work on reducing it over the coming three years, says Immigration Minister Marc Miller. Starting this fall, the federal government plans to reduce the number of temporary residents in Canada to 5 per cent of its population over the next three years. It is currently 6.2 per cent.
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March 21, 2024
Ottawa cuts back on temporary foreign workers; reduces permitted percentage of ‘low wage’ workers
The federal government has announced it is “adjusting” its temporary foreign worker program which has experienced “a surge in demand” due to the post-pandemic economy, low unemployment rates, and record-high job vacancy rates in 2022.