New Consultations: Modernizing Tax Rules for Charities
As the last remnants of a scrumptious Thanksgiving weekend subside, it is appropriate to take a look at the health and issues surrounding the charitable sector in Canada. Serendipitously, the federal government is seeking your views on how the tax rules for registered charities and the Canada Revenue Agency’s (CRA) administration of these rules could be modernized. A new consultation was launched on October 8 and here’s what the government wants to know, by December 3, 2026:New CERB Reimbursement Form Introduced
In an unfortunate series of miscommunications, self-employed people were given inaccurate information about eligibility requirements for claiming CERB in 2020. Under heavy warnings to repay the benefits they may have received, many reached into their pre-Christmas cash flow to do just that. Now with new Form T183E, the money can be recovered again. Application processing began June 15 and applicants can expect reimbursement within 90 days.
CERB Refunds: Am I Owed Interest?
To address the self-employment gross vs. net issue, the Government of Canada registered the Canada Emergency Response Benefit and Employment Insurance Emergency Response Benefit Remission Order (“Remission Order”) on May 12, 2021. The Remission Order redresses the self-employed workers who did not qualify for CERB because of the gross vs. net issue by providing that a self-employed Canadian earning less than $5,000 in net income who received CERB, who otherwise would have qualified for CERB, need not return the CERB monies.
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KB Grads: Come to the Grad Ceremony at Virtual DAC 2021
Calling all Knowledge Bureau Graduates: you are invited to the grad ceremony at Virtual DAC 2021!
Knowledge Bureau Summer/Fall Schedule
Mark your calendar for these upcoming dates from Knowledge Bureau. You'll receive the next edition of Knowledge Bureau Report in your inbox on August 11.
