The newly announced "Working Canadians Rebate" of $250 should arrive early spring 2025 for Canadians who worked in 2023 and earned $150,000 or less. Those not working in 2023 are ineligible for the rebate. In response to retirees who are not eligible, Trudeau said "We're not reducing any of the other programs we're delivering to the most vulnerable”, noting the 10 per cent increase to OAS and the increase to the Canada Child Benefit. He said he regularly hears from working Canadians who are struggling to make ends meet and this rebate is "about seeing Canadians as the hardworking nation-builders...

Food Banks Canada has released it’s HungerCount report. Their websites states that ”In March 2024, there were over 2 million visits to food banks in Canada — the highest number in history — representing a 90 per cent increase compared to 2019. It took around 25 years before food bank visits surpassed 1 million in a month. We should all have responded to that sombre milestone. We did not. Incredibly, food banks recently registered another sombre milestone. They saw an additional 1 million visits per month — within the past five years. That milestone was reached in one-fifth of the...

Tax Tip Tuesday – Sign up for Direct Deposit Canada.ca says that “Canada Post has agreed to deliver benefit cheques for the Canada child benefit and related provincial and territorial benefits (including the Alberta child and family benefit) for November 20, 2024. All other benefit and credit payments issued by cheque from the CRA will be held until the strike has been resolved. To avoid any interruption to future benefit payments, sign up for direct deposit.” Your bank or credit union can help you with this if you have trouble finding the information. https://www.canada.ca/en/employment-social-development/corporate/portfolio/service-canada/postal-disruption.html #accounting #nelsonbc #cpabc #rbtaccountingservices #community

Canada Revenue Agency's (CRA) has it’s first Accessibility Plan. The three-year plan, begun in 2023, works to identify, remove and prevent barriers in CRA workplaces and in the delivery of their programs and services to Canadians. Their People First accessibility plan is shaped by consultations with persons with disabilities and the organizations that support them. The four areas of focus are: 1. Building expertise, understanding, and respect and reducing the stigma related to accessibility and persons with disabilities. 2. Increasing options and flexibility for tailored approaches to increase and improve access to our programs and services. 3. Ensuring our written...