Most foreign-based businesses who sell mobile apps, online video streaming services and other digital platform-based products are now required to charge Canada’s sales tax, commonly known as GST/HST, when making sales in Canada. This requirement started this July 2021. So starting July 1, 2021, you may see GST/HST charges when you make purchases from affected businesses. Affected businesses will include:- Cross-border digital products and services, like video or music streaming services- Platform-based short-term accommodation, like homestays or vacation rentals and- Goods supplies through fulfillment warehouses in Canada. These businesses will be required to register for, charge, collect and remit GST/HST on...

The Department of Finance announced the expansion of the Canada Workers Benefit that will now be available to about one million more Canadians. The Canada Workers Benefit is a refundable tax credit that helps people who are working and earning a low income and a sizeable tax refund for workers. With the expansion of this benefit, more Canadian low-income earners will be eligible for a tax refund of up to almost:- $1,400 for workers who are single and without children and- $2,400 for workers with families. A total of 3.2 million Canadians are now eligible for this benefit. The eligibility of...

The Federal Government announced details of Budget 2021 in April. Budget 2021 showed the projected federal budget deficits as well as key measures to support the government's plans to ensure Canada's robust economic recovery.The projected Federal Budget Deficit for 2020-2021 is $354 billion. For 2021-2022, the project deficit will be $144 billion to $169 billion.Here are the key measures included:A Canada-wide early learning and child care system will be established to provide affordable and high-quality child care. New investments amount to almost $30 billion over the next 5 years to support this measure.Extension of the Canada Emergency Wage Subsidy (CEWS), Canada...

Are you going to contact the CRA this tax season? Here are some of the services enhancements that the CRA announced for this tax season.  • CRA has hired additional agents and has contracted a third-party service provide to assist client service capacity issues. Additional agents will be able to answer general inquiries about emergency benefits, but they will not have access to taxpayers’ personal information. • New automated callback service lets callers ask for call-back instead of waiting on hold. Callers on the individuals tax enquiries, benefits enquiries and business enquiries lines may be given this option when wait times...