How buying pre-construction condos can minimize the tax implications if one decides to sell the property as an assignment before closing.
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The government of Canada would provide $400 per week for up to 26 weeks, to workers who are self-employed or are not eligible for EI and who still require income support and who are available and looking for work.
The government of Canada would provide $500 per week for up to two weeks, for workers who are sick or must self-isolate for reasons related to COVID-19.
If you are eligible for the Canada Recovery Benefit (CRB), you can receive $1,000 ($900 after taxes withheld) for a 2-week period.
Canada Recovery Caregiving Benefit (CRCB): $500/ week, up to 26 weeks
Are you curious about what’s new for 2020 Personal Tax and how COVID-19 Government Benefits affect your personal tax?
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Keep yourself stress-free during tax season by following these steps.