3 h. ago Some Canadians receiving increased GST credit payments next month

Some Canadians can expect to receive an increase in GST credit payments from the federal government soon.The Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit is a tax-free quarterly payment, but this time it will include a 2.7 per cent increase.According to the government, the credit payment aims to help families with low and modest incomes offset the taxes they pay.If you’re eligible, you'll see the new amount in your bank account on Friday, July 4.Who's eligible for the payment?The government says you're generally eligible for the payment if you're at least 19 years old and a Canadian resident for income tax purposes a month before the Canada Revenue Agency (CRA) makes the payment at the beginning of the month.If you are under 19 years old, the government says you must meet at least one of the following conditions during the same period:You have (or had) a spouse or common-law partnerYou are (or were) a parent and live (or...

Economics

68 h. ago Public service shrinks by nearly 10,000, with tax, immigration hit the hardest

OTTAWA — The federal public service shed almost 10,000 people last year, with the Canada Revenue Agency and Immigration, Refugees and Citizenship Canada losing the most employees. The last time the public service contracted was in 2015, when the number of people employed dropped just slightly from 257,138 to 257,034. The number of public servants […]

Economics

3 d. ago Jamie Golombek: July brings a greater opportunity for income splitting

Come July 1 the Canada Revenue Agency’s prescribed interest rate will drop to three per cent. Here's what that means for taxpayers

Other

1 week ago Shopify wins court battle against Canada Revenue Agency in merchant

Shopify claimed a multilateral tax treaty being used to seek the information for Australian courts 'is without domestic force'

Events

1 week ago Shopify wins case against Canada Revenue Agency over merchant data

Shopify Inc. has come out on top of a battle with the Canada Revenue Agency. A federal court order issued Thursday shows Judge Guy Regimbald sided with the Canadian tech company, which was fighting the CRA’s attempt to get more than six years of Shopify records. The records were being sought in order to verify […]

Other

2 w. ago Canadians getting frustrated over missing info on CRA accounts

Canadian taxpayers say they're frustrated after being unable to access important information on their Canada Revenue Agency (CRA) account.Jack, who asked that his full name be withheld, is an Ottawa resident who has been struggling to access information on his Tax-Free Savings Account (TFSA) online."For over a month now, CRA has denied access to TFSA data to ALL Canadian taxpayers," he wrote in an email. "They do not state why or when the data access will be restored."Jack said that he's called the CRA repeatedly about his account, but hasn't been able to reach anyone in the relevant department."I contacted my MP, but they were no help," he continued. According to Jack, rather than answering his questions, the CRA told him to make a service complaint, which comes with a 50-business-day delay."Because they have so many complaints — their words," he stated.A widespread problemIn April, a Reddit user shared that i...

Economics

2 w. ago Even more people now have access to Canadian Dental Care Plan

Even more people are able to apply to the Canadian Dental Care Plan (CDCP) starting Thursday.The program, which was implemented in 2023, aims to lower dental costs for Canadians earning less than $90,000 a year.According to the federal government, the dental plan will help up to nine million uninsured people get access to oral health care.Earlier this month, Canadians ages 18 to 34 were able to apply for the CDCP. That age range expands on Thursday, May 29, to those aged 35 to 54.A notice from the government states that it will send letters to Canadian residents aged 18 to 64 who could be eligible for the CDCP based on their 2024 adjusted family net income.Eligible Canadians who have filed their 2024 tax returns and received their notice of assessment from the Canada Revenue Agency (CRA) can apply once applications open up for their age group, even if they haven't received the letter.Already covered by the dental care plan? Don't forget to renew for the 2025 to 2026 period b...

Transport

3 w. ago CRA sitting on over 10 million uncashed cheques worth $1.7 billion

Could you be missing out on your own money? According to the Canada Revenue Agency (CRA), the agency is still waiting for Canadians to claim millions of cheques.In an email statement, the CRA stated that it issues millions of payments to taxpayers every year, either refunds or benefits. However, it seems that not all Canadians end up getting their money."Over time, some payments remain uncashed for a variety of reasons, such as the recipient misplacing the cheque or moving without updating their address," stated an agency representative.As of March 31 this year, the CRA held around 10.2 million uncashed cheques, worth an astounding $1.7 million. Here's what Canadians had yet to claim as of March:10,036,240 cheques under $1,000  189,840 cheques $1,000 or more, but under $100,000  160 cheques $100,000 or moreHow can you find out if some of that money is yours?Unlike filing taxes, checking for unclaimed cash is far easier — you can check by signing in to y...

Economics

3 w. ago Canada Revenue Agency says it plans to cut 280 permanent roles

The Canada Revenue Agency says it plans to cut 280 permanent jobs and cites 'fiscal constraints', and this follows the cutting of more than 3000 jobs since last year.

Other

3 w. ago CRA cutting up to 280 jobs in response to fiscal constraints

OTTAWA — The Canada Revenue Agency is cutting up to 280 permanent employees in response to fiscal constraints. The workforce changes will impact branches across the CRA but the reductions will mainly impact employees in the National Capital Region. Commissioner Bob Hamilton and deputy commissioner Jean-Francois Fortin say in a message to staff today that […]

Transport

3 w. ago Canada Revenue Agency confirms 280 job cuts, mostly in capital region

The news was delivered Thursday in a message from CRA Commissioner Bob Hamilton and Deputy Commissioner Jean-François Fortin.

Economics