TAX TICKLERS… some quick points to consider…

  • In 2021, four special payments to recipients of the Canada Child Benefit, totaling up to $1,200 per child under age six, will be made.
  • The Canada Emergency Wage Subsidy has been extended to June 2021. Details are still pending for periods after March 2021.
  • CRA has required Coinsquare, a cryptocurrency trading platform, to provide the identity of every client (which is over 200,000 accounts) to help address perceived risks of non-compliance.
  • For the first 9 months in 2020, 6,045 individuals renounced their U.S. citizenship representing a significant increase as compared to only 1,811 for the same period in 2019. 2020 surpassed the highest previous year on record of 5,411 in 2016.

Redistribution of this material is prohibited.