News Room

Helping First Nations, Inuit and Metis with Tax Filing

The Canada Revenue Agency is trying to reach out to Canada’s First Nations, Inuit and Metis to encourage them to file their tax forms on time and could use your help to make sure these communities get all the tax benefits they are entitled to. But filing tax returns are not always easy, especially when there is income on and off the reserve.

Scenario 2: A Young Family

Matthew and Ashley live in Winnipeg. They have two children, ages 3 and 5.  They own their own home. 

Scenario 3:  Retired Couple with RRIFs

Brian and Patricia retired a few years ago.  Brian is 74 and Patricia is 72.  The couple live in Halifax, NS and have RRIF balances of $300,000 and $400,000 respectively.

Scenario 4:  Seniors Without TFSAs

Robert and Jackie are contemplating retirement.  Robert is 65, earns $55,000 from employment and also receives a $24,000 pension.

Scenario 5: Single Taxpayer – No Children

Glen is single, age 55.  He lives alone in a rental apartment in Hamilton, Ontario.  His current salary is $55,000.  His rent is $1,000/month.

Where Should Economic Hopes Be Pinned?

Now that the date of the Federal Budget has been announced, Tuesday April 21, and the Minister has met with learned private-sector economists, who confirmed the March private-sector forecasts will do in interpreting plans for the near future, there is much speculation on what the budget will announce and for whom

Minimum Wage Trends in Canada

According to Finance Canada, more than 1.2 million net new jobs have been created in Canada since the depths of the recession—one of the strongest job creation records in the G-7. 
 
 
 
Knowledge Bureau Poll Question

Should the Old Age Security clawback start at a lower net income than the current $93,454?

  • Yes
    7 votes
    13.73%
  • No
    44 votes
    86.27%