Tax season is around the corner and many Canadians might be looking to file their taxes online. In fact, the Canada Revenue Agency (CRA) is recommending that residents file their taxes online for faster processing times and quicker tax returns.
As tax season fast approaches, navigating this time of year is certainly no easy feat and with a slew of new changes outlined by the Canada Revenue Agency, you may not be totally up to date ahead of filing your 2023 income taxes.
While announcing the Interim Budget 2024, Finance Minister Nirmala Sitharaman announced that there have been no changes in the income tax rates and citizens can enjoy tax-free income up to Rs 7 lakh.
Quebec residents may be eligible for several government benefits and credits offered in February to ease financial strain. Verifying eligibility for programs such as the Quebec Pension Plan, Family Allowance, Old Age Security, and the Canada Child Benefit is recommended as you could be entitled to hundreds of dollars.
Tax season is right around the corner and those who are filing their own income taxes should note any changes to the income tax rates in Québec for the 2023 taxation year.