-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.
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