Category Archives: Your money

Watch the details to help avoid financial headaches when filing your return

OTTAWA — The devil is in the details and your income tax return is no exception. As the filing deadline at the end of the month approaches, experts say paying attention to the details when it comes to your taxes can

Detailed vs. flat rate: New way to claim work-from-home costs gives workers options

Ottawa has come up with a simpler way to claim expenses for that spare room or corner that became a makeshift office last spring when pandemic lockdowns went into effect across the country.  In addition to the detailed method for claiming

CRA says ‘rare’ error in some tax slips lists repaid CERB as taxable income

When the COVID-19 pandemic closed schools last spring, crosswalk guard and recent graduate Danny Thomson was encouraged by the Ottawa Safety Council to apply for the new COVID-19 emergency benefits. But after returning $3,000 in Canada Emergency Respon...

Government financial support pushes Canadian insolvencies to lowest level in 20 years

OTTAWA — Canadian insolvency filings hit a 20-year low last year as government financial support offset the shock and economic uncertainty caused by COVID-19. The Office of the Superintendent of Bankruptcy says there were 99,244 consumer bankruptcies a...

Government financial support pushes Canadian insolvencies to lowest level in 20 years

OTTAWA — Canadian insolvency filings hit a 20-year low last year as government financial support offset the shock and economic uncertainty caused by COVID-19. The Office of the Superintendent of Bankruptcy said Friday that there were 99,244 consumer ba...

Navigating a toxic workplace is a risky and lengthy process, experts say

TORONTO — In the wake of Julie Payette's resignation from the role of governor general on Thursday after an investigation into harassment allegations, some Canadian workers may find themselves relating to the rank and file at Rideau Hall. In many cases...

Higher property values in B.C. prompt increase in 2021 homeowner grant

VICTORIA — A grant that helps British Columbia homeowners offset a portion of their property tax is being raised to reflect an increase in the assessed value of their homes. The Ministry of Finance says the threshold for the 2021 homeowner

CRA promotes public database to track employers using wage subsidies

OTTAWA — Canada Revenue Agency is launching a website to help Canadians track which employers have been using government wage subsidies during the COVID-19 pandemic.  The CRA says its Canada Emergency Wage Subsidy Registry website is part of a push for...