taxes

The landing page for the Canada Emergency Response Benefit is seen in Toronto, Monday, Aug. 10, 2020. THE CANADIAN PRESS/Giordano Ciampini

CERB recipients should be prepared to pay income tax on payments, experts say

The amount you received is considered taxable income, but Ottawa did not deduct any tax

 

Minister of Seniors Deb Schulte speaks during a press conference on Parliament Hill during the COVID-19 pandemic in Ottawa, Thursday, June 4, 2020. The federal government says tens of thousands of seniors are at risk of losing benefits because they haven’t yet filed their taxes. THE CANADIAN PRESS/Sean Kilpatrick

Federal Liberals make plea for seniors to file taxes as thousands at risk of losing benefits

Seniors Minister Deb Schulte says Service Canada has sent reminders to the 63,000 to file their returns

 

The average Canadian family spent more than 42 per cent of its income on taxes in 2019—more than housing, food and clothing costs combined in 2019. (Photo by Jerin John on Unsplash)

Canadian families spent 42% of annual income on taxes last year

This is a dramatic shift from 1961 when Canadian families spent 33 % of their income on taxes

  • Sep 3, 2020

 

COVID-19: Business Check-In

COVID-19: Business Check-In

The application process for certain programs has not been smooth.

  • May 28, 2020
COVID-19: Business Check-In
The business of COVID-19: Tax Check-In

The business of COVID-19: Tax Check-In

June 1 deadline for submitting tax returns is looming

  • May 22, 2020
The business of COVID-19: Tax Check-In
COVID-19 Business Support: Wage subsidy system underway

COVID-19 Business Support: Wage subsidy system underway

“Questions from businesses continue, but now the answers are more concrete … “

  • Apr 30, 2020
COVID-19 Business Support: Wage subsidy system underway
COVID-19: Gov’t filings, payments and timing

COVID-19: Gov’t filings, payments and timing

With April 30 looming, it’s important to know that Canada’s regular due…

  • Apr 23, 2020
COVID-19: Gov’t filings, payments and timing
Ron Clarke is a Trail Times columnist.

COVID-19: The Spread of Scams

At the best of times, scams seeking your personal information and cash, run rampant.

  • Apr 16, 2020
Ron Clarke is a Trail Times columnist.
Updated: COVID-19 Business Support

Updated: COVID-19 Business Support

Wage Subsidy: A Dual System

  • Apr 6, 2020
Updated: COVID-19 Business Support
JBS is open for business, however measures are in place to prevent transmission of COVID-19. (JBS photo)

This tax season, challenge your knowledge on personal tax

Tax Quiz #6: U.S. income

  • Mar 25, 2020
JBS is open for business, however measures are in place to prevent transmission of COVID-19. (JBS photo)
(Unsplash photo)

Free tax clinics cancelled in Greater Trail

The volunteer-run program for low income earners is shutdown indefinitely

(Unsplash photo)
Trail Times file image

This tax season, let’s challenge your knowledge on personal tax

Tax Quiz #5: Charitable Giving

  • Mar 18, 2020
Trail Times file image
Trail Times file image

CRA: What’s new for this tax season?

There are earth shattering new items for tax prep 2019. Hold on tightly.

  • Mar 11, 2020
Trail Times file image
(Photo by Curology on Unsplash)
(Photo by Curology on Unsplash)
This tax season, challenge your tax knowledge

This tax season, challenge your tax knowledge

Tax Quiz #4: RRSP contribution room

  • Feb 26, 2020
This tax season, challenge your tax knowledge
A tax return form is pictured in Toronto on Wednesday April 13, 2011. The Canada Revenue Agency is sending an unlikely message to kick off tax season: Paper-filers, we have not forgotten you. Despite a years-long push to have more people file taxes online because it’s generally faster and easier, many Canadians still prefer putting pen, or pencil, to paper. THE CANADIAN PRESS/Chris Young

CRA puts focus on paper returns as tax-filing season opens

The federal tax collector expects to handle about two million paper returns this calendar year out of roughly 26 million filings

A tax return form is pictured in Toronto on Wednesday April 13, 2011. The Canada Revenue Agency is sending an unlikely message to kick off tax season: Paper-filers, we have not forgotten you. Despite a years-long push to have more people file taxes online because it’s generally faster and easier, many Canadians still prefer putting pen, or pencil, to paper. THE CANADIAN PRESS/Chris Young
The Community Volunteer Income Tax Program begins in Greater Trail on March 2. (Photo by David Pennington on Unsplash)

Free tax return program returns to Greater Trail

The free service has been offered to low income households in the Trail area for 10+ years

The Community Volunteer Income Tax Program begins in Greater Trail on March 2. (Photo by David Pennington on Unsplash)
File photo

This tax season, challenge your knowledge on personal tax

Quiz #2: What receipts can you include?

  • Feb 12, 2020
File photo
This tax season, challenge your knowledge on personal tax

This tax season, challenge your knowledge on personal tax

Tax Quiz #1: Business losses

  • Feb 5, 2020
This tax season, challenge your knowledge on personal tax
Taxes are divided in many categories and vary from province to province. (Fraser Institute)

Tax bill paid for the year, you’re working for yourself

B.C. in the middle of the Canadian pack for Tax Freedom Day

Taxes are divided in many categories and vary from province to province. (Fraser Institute)