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The Canada Revenue Agency says it knows some people were able to get the Canada Emergency Relief Benefit (CERB) twice by applying through its portal as well as Service Canada’s wants that money ...
As of June 3, the CRA announced it had received 600 tips and had received 190,000 voluntary repayments of CERB from Canadians who were not entitled to receive them. [74] On June 8, legislation was proposed by the Liberal government that would allow persons found to have received CERB payments fraudulently be subject to fines or imprisonment. [ 75 ]
FEMA has clawed back $80 million intended to help New York City house migrants. The EPA has paused more than 30 grant programs, including some providing money for schools to buy electric buses ...
During the 2017 tax year, the CRA collected approximately $430 billion in revenue on behalf of federal and provincial governments, and administered nearly $34 billion in benefits to Canadians. [7] The CRA is responsible to Parliament through the minister of national revenue (Marie Claude-Bibeau since 2023). The day-to-day operations of the ...
In generalised terms, a tax return refers to the yearly income declaration created by the taxpayer for every individual in the country. This enables tax authorities to declare if an individual is eligible to be given back the tax that they had paid over the year. Canadian federal tax returns are filed with the Canada Revenue Agency (CRA).
The IRS is giving nearly 5 million people and businesses $1 billion in penalty relief after the agency suspended overdue tax bill reminders. The revenue service announced Tuesday it would give ...
In an interview on ABC News' "This Week" on Sunday, Canadian Ambassador to the U.S. Kirsten Hillman said Canadians are "perplexed" and "disappointed" by President Donald Trump's tariffs. White ...
However, some people use the tax refund as a simple "savings plan" to get money back each year (even though it is excess money that they paid earlier in the year). Another argument is that it is better to get a refund rather than to owe money, because in the latter case one might find oneself without sufficient funds to make the necessary payment.