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Tax Filing Deadline for Business Tax Returns The CRA requires most business owners (Sole-Proprietors or Partnerships) to submit their returns by May 2, 2022 if their business fiscal year matches the calendar year. However, some businesses may opt to observe a...
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Filing due dates for the 2020 tax return Your return for 2020 has to be filed on or before April 30, 2021. If you do not file your return on time (see exception to the due date of your return), your goods and services tax/harmonized sales tax (including any related...
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Online applications for BC Recovery Benefit open December 18, 2020. The BC Recovery Benefit is a one-time, tax-free payment of up to $1,000 for eligible families and single parents and up to $500 for eligible individuals. How the benefit works The BC Recovery Benefit...
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For 2020, the government announced increases to the basic personal amount for 2020 and subsequent years beyond the normal inflationary adjustment. Let’s review the changes to the BPA and also take a look at some of the new tax numbers coming for 2020. ANNUAL INFLATION...