Canada Revenue Agency: 1 Important Change to Watch in 2021

Author: External Author | | Categories: Accounting Services , Bookkeeping Services , Small Business Accountant

Can Canadians expect more from the federal government after the massive spending to combat the COVID-19 pandemic? The Canada Revenue Agency (CRA) extended various emergency and recovery benefits to individuals and businesses in 2020. Seniors, parents, and students also received their fair share of aid in either one-time, weekly, or monthly payments.

The question now is whether changes are forthcoming in 2021 when temporary social programs like the Canada Recovery Benefit (CRB) end in the third quarter. It’s the most important change to watch for, even if the Fall Economic Statement 2020 did not say so.

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Original Article Source Credits:   The Motley Fool ,

Article Written By:  Christopher Liew

Original Article Posted on:  January 9, 2021 

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