Regardless of your situation, we can all agree, it was a crappy year. And there’s no better way to get closure than file your 2020 tax return! The Team at LM Tax has compiled some lit tax tips to polish off the decade.
Read More If you’re a student or recent grad, it’s likely that you’ve run into troubles of your own, whether you’ve lost your summer internships or are simply suffering from loss of income. Fortunately, good news is coming your way. This morning, Prime Minister Trudeau announced the introduction of a nine billion ($9B) stimulus package aimed at helping
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As you’ve probably heard before, the GST/HST Credit is a non-taxable amount paid to offset the burden of sales tax on low to modest income individuals and families. Below are the answers to some frequently asked questions regarding the credit: Am I eligible to receive the GST/HST credit?Most Canadian residents are able to receive the GST/HST
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Millions of Canadians flooded the CRA website last week to apply for CERB (along with other government support payments such as EI). CERB provides $2,000 per month ($500 per week) for up to 16 weeks to individuals who were laid off as a result of COVID-19. As mentioned in our last post – if the government
Read MoreYou don’t have to watch the news to know many of us have been removed from our workplaces. As such, you or someone you know may have applied to receive employment insurance or Canada Emergency Response Benefit (CERB). See the original post for more details.
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Many of you know that the Canadian Personal Income Tax filing deadline is April 30th – this has been the case for decades. However, given the current circumstances, CRA has extended the individual tax filing deadline to June 1, 2020. Additionally, individuals now have until September 1, 2020 to pay a balance owing on their 2019
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