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Top News In Income Tax 2023 Today - Breaking & Trending Today

Quebec Residents Can Receive Payments From These Government Benefits & Credits In December

For residents of Quebec looking for extra money or ways to supplement inflation, the Quebec government offers several benefits and credits throughout December that could put you in a better spot financially. The Quebec government is disbursing several credits and benefits including the Quebec Pension Plan (QPP), Family Allowance, Shelter Allowance, Old Age Security and the Canada Workers' Benefit, to name a few. ....

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These Quebec Government Benefits & Credits Will Increase In 2024

The provincial government is implementing a number of initiatives to help Quebecers during these tough times including indexing the tax system and providing further social assistance benefits, all of which will be adjusted to inflation. After announcing an indexation worth $2 billion a year for Quebecers, and pushing forward several changes regarding credits and benefits, Quebec residents can expect increases to the solidarity tax credit, family allowance and more. ....

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Income Tax Guide 2023: 5 Penalties Every Taxpayer MUST KNOW for Income Tax Defaults

The due date for filing an income tax return (ITR) for the financial year 2023 is July 31, 2023. Under the Income-Tax Act, several penalties are levied for various defaults committed by the taxpayer. Some of the penalties are mandatory and a few are at the discretion of the tax authorities., Personal Finance News, Times Now ....

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