Today, the Honourable Marc Garneau, Minister of Transport, on behalf of the Honourable Diane Lebouthillier, Minister of National Revenue, announced that the Canada Revenue Agency (CRA) has increased the amount that employers can use to determine whether an overtime meal or allowance, or the meal portion of a travel allowance is taxable, from $17 to $23.
The Canada Revenue Agency (CRA) announced that Arvind Singh of Summerside, Prince Edward Island, pleaded guilty and was sentenced on August 11, 2020, in the Summerside Provincial Court, to two counts of tax evasion under the Income Tax Act. He was fined a total of $215,539.
The Canada Revenue Agency (CRA) is closely monitoring the COVID-19 situation, and is committed to supporting Canadians throughout it. The CRA understands that individuals and businesses might be dealing with difficulties in meeting their financial obligations, including paying tax debts they may have incurred prior to the crisis.
Today, the Honourable Diane Lebouthillier, Minister of National Revenue is announcing that benefit payments will continue for an additional three months for those who are not able to file their 2019 returns on time.
Free tax clinics are important to communities throughout Canada. Due to concerns surrounding the COVID-19 pandemic, many community organizations had to close, postpone, or scale back on the free tax clinics they offer.
Today, the Honourable Diane Lebouthillier, Minister of National Revenue, launched the Canada Emergency Wage Subsidy calculator to enable eligible employers to determine the amount they can expect to claim when applying for the wage subsidy.