Canada Revenue Agency’s 2023 bare trust filing requirements

eAwazLocal News

OTTAWA  – The Taxpayers’ Ombudsperson, François Boileau, has formally opened a systemic examination into whether the Canada Revenue Agency (CRA) respected taxpayers’ rights in its administration of bare trust filing requirements for the 2023 tax year. The Government introduced new reporting requirements for trusts. For most trust types, including bare trusts, the deadline to file a T3 Return and Schedule 15 …

Taxpayers’ Ombudsperson to examine delays in Canada child benefit payments 

eAwazLocal News

OTTAWA– The Taxpayers’ Ombudsperson, François Boileau, has opened a systemic examination into issues that could prevent some temporary residents from receiving the Canada child benefit (CCB) in a timely manner. Temporary residents are legally authorized by Immigration, Refugees and Citizenship Canada (IRCC) to enter Canada for temporary purposes, including as a visitor, student, worker, or temporary resident permit holder. Most temporary …

Launching 2024 tax season

eAwazLocal News

Ottawa – Tax season is upon us. This year, the process of filing an income tax and benefit return may feel particularly daunting. After a long period of high inflation following the COVID‑19 pandemic, many Canadians are feeling financial strain. In such a stressful economic environment, the last thing anyone needs is a service issue with the Canada Revenue Agency …