Beat the heat with CRA’s summer benefits
Whether you’re here for the heat or not – we know one thing will never go out of season: benefit and credit payments and tax-free savings.
Read on to find out what’s new, what’s changing, and what payments you could receive to help you beat the heat.
Brush up on your tax literacy for back to school
It’s time to hit the books again! As you’re getting ready to go back to school, there are some important things about benefits, credits, and taxes to keep in mind. Get organized now so you’ll get the benefits and credits that you’re entitled to and save yourself some headaches later.
Back to school tips for parents
As the new academic year approaches, helping your child understand taxes can set them up for success. There are many resources to enhance your child’s journey through the tax system, and the CRA are here to help.
Get ready: the CRA is in its summertime benefit period!
We know how fast a Canada summer can pass us by, so we wanted to let you know about the Canada Revenue Agency (CRA)’s good news before you head off-grid to enjoy all of the natural wonders Canada has to offer!
Whether you already receive benefits and credits from the CRA, or not yet, we want you to know what’s new and what’s being updated this month since it might impact you!
This July will be exceptionally busy for CRA benefits and credits. We are offering new payments that you may be eligible for and adjusting existing amounts for the new benefit year!
CCB young child supplement, 2021
The Government of Canada proposed an additional supplement be offered to families entitled to the Canada child benefit (CCB) with children under the age of six for the year 2021 to provide relief during Canada’s recovery from COVID-19. The CCB young child supplement (CCBYCS) is part of Canada’s Building Back Better plan to support Canadians during this period of recovery.
Up to $1,200 more per child for 1.6 million families across Canada
Families could receive up to $1,200 in support per child under the age of six in 2021. This will benefit about 1.6 million Canadian families and about 2.1 million children under the age of six.
Performance audit of the Canada child benefit (CCB)
The Canada child benefit (CCB) has a major impact on the lives of middle-class Canadians, helping over 3.3 million families with the cost of raising children under 18 years of age. In its report, the Auditor General notes that the CRA ensures accurate and timely CCB payments to millions of eligible families