All items tagged with: Canada Workers benefit
Posted in: Strategic Thinking , Evelyn Jacks, tax filing, federal budget, tax changes, CE summits, CE Summit, Canada Child Benefit, tax workshops, budget 2018, Canada Workers benefit, Income Tax Courses, Climate Action incentive Payments, Bill C-86, Budget Implementation Act, line-by-line tax update
The most awaited tax change for the broadest base of taxpayers is the legislation allowing the government to automatically compute the Canada Workers Benefit (CWB) for tax year 2019. This benefit will replace the current Working Income Tax Benefit. But, it requires designated educational institutions to report for each student whether they are studying on a full- or part-time basis so that their eligibility for the CWB can be determined.
Posted in: Strategic Thinking , Personal Tax, CRA, Federal Government, Canada Pension Plan, CPP, finance canada, business tax, Canada Workers benefit, carbon tax, 2019 tax changes, 2019 economic forecast, tax facts 2019
Happy 2019! Welcome back to Knowledge Bureau Report and to what’s sure to be a fascinating year for interpreting tax and financial news, based on recent stock market volatility and significant tax change. It’s an election year, too, so broadly misunderstood tax reforms recently introduced will likely re-emerge for debate. What lies ahead for 2019? Here are just some of the facts Canadians should know.
Posted in: Strategic Thinking , CRA, Canada Revenue Agency, gender equality, Canadian economy, finance canada, tax news, Morneau, Fall Economic Statement, budget 2018, Canada Workers benefit, Employment Insurance Parental Sharing Benefit, Climate Action Incentive Payment, carbon tax
Finance Canada will release its Fall Economic Statement on November 21, about a month later than it was last year. In the meantime, it released two important documents on October 25 and 29: A Notice of Ways and Means Motion and Bill C-86: the second Budget Implementation Act which together enable remaining initiatives outlined in the February 27, 2018 Federal Budget.
Posted in: Strategic Thinking , knowledge bureau, gender equality, Evelyn Jacks, federal budget, ce credits, financial education, Morneau, Canada Child Benefit, financial workshops, middle class, Dean Smith, C. Russell Vert, Canada Workers benefit, diversity, poverty
One major goal of the 2018 federal budget was to strengthen the middle class which keeps shrinking in Canada. There is meaningful opportunity for tax and financial advisors to do the work necessary to help their middle clients and improve Canada’s economic future in the process.