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Update on Temporary GST/HST Relief and The Working Canadians Rebate
This article is an update from the previous one that summarized the two proposed tax break measures announced by the federal government of Canada on November 21, 2024. On November 27, 2024, the federal government of Canada introduced Bill C-78, the Tax Break for All Canadians Act in Parliament. Bill C-78 contains the proposed enacting […]
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Update on Quebec’s Economic and Financial situation- Tax Updates 2024
December 2, 2024Overview On November 21, 2024, Quebec’s government issued the 2024 Update on Quebec’s Economic and Financial Situation. This comprehensive summary highlights the key changes introduced in the Update. Personal Tax Measures Changes to the tax credit for career extension Effective for the 2025 taxation year, the following changes will be applied to the tax credit […]
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Mise à jour économique et financière du Québec – Automne 2024
Le 21 novembre 2024, le gouvernement du Québec a présenté sa mise à jour économique et financière pour l’automne 2024. Ce résumé souligne les principaux changements introduits dans cette mise à jour. Mesures fiscales pour les particuliers Modifications au crédit d’impôt pour la prolongation de carrière À compter de l’année d’imposition 2025, les modifications suivantes […]
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Temporary GST/HST Relief and The Working Canadians Rebate
November 22, 2024On November 21, 2024, the federal government announced a temporary two-month Goods and Services Tax/Harmonized Sales Tax (GST/HST) relief on groceries and “holiday essentials” to provide financial support to all Canadians, along with the Working Canadians Rebate—a one-time, tax-free $250 payment for eligible individuals who worked in 2023 and have a net income of up […]