#taxation

MalayalisNearMe Official

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๐Ÿ‘‰The Liberal Government in Canada has announced that it will implement a digital services tax (DST) on large tech companies, but it has not yet set a date for when the tax will come into effect. The government had previously pledged to introduce the DST in 2020, but it has been delayed due to ongoing negotiations with other countries about how to structure the tax. The DST will apply to companies with annual revenue of more than $1.1 billion and Canadian digital services revenue of more than $20 million.โœ… . . #DigitalServicesTax #Taxation #TechTax #GovernmentPolicy #BusinessNews #CanadaTax #CanadaGovernment #mnm #malayalisnearmeapp #canadaupdate #canadanews

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11 months ago

MalayalisNearMe Official

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๐Ÿ‘‰The Canada Revenue Agency (CRA) has reversed at least $246 million in pandemic benefit debts after roughly 27,000 Canadians contested their eligibility status. Since 2022, the CRA has been collecting money from individuals it claimed received benefits, such as the Canada Emergency Response Benefit (CERB) and the Canada Recovery Benefit (CRB), in error. Many Canadians disputed the government's assessment, with some even taking legal action. Tax lawyer Cris Best highlighted inconsistencies in eligibility reviews, noting the difficulty in disputing CRA decisions due to a "reverse onus" in tax law, where taxpayers must prove their innocence.โœ… . ๐“๐จ๐ฒ๐จ๐ญ๐š & ๐‡๐จ๐ง๐๐š ๐๐ž๐ฐ ๐š๐ง๐ ๐”๐ฌ๐ž๐ ๐ฏ๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐…๐ซ๐ž๐ž ๐ ๐š๐ฌ ๐œ๐š๐ซ๐ ๐ฐ๐ข๐ญ๐ก ๐ž๐ฏ๐ž๐ซ๐ฒ ๐ฉ๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž! ๐Œ๐š๐ง๐จ๐ฃ ๐‰๐จ๐ฌ๐ž๐ฉ๐ก ๐€๐ฌ๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐ญ ๐’๐š๐ฅ๐ž๐ฌ ๐Œ๐š๐ง๐š๐ ๐ž๐ซ +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ–๐Ÿ—๐Ÿ’-๐ŸŽ๐Ÿ•๐Ÿ”๐Ÿ ๐ฆ๐š๐ง๐จ๐ฃ.๐ฆ๐ฎ๐ค๐ค๐ฎ๐ง๐๐š๐ง@๐จ๐ฉ๐ž๐ง๐ซ๐จ๐š๐๐ญ๐จ๐ฒ๐จ๐ญ๐š.๐œ๐š ๐ฐ๐ฐ๐ฐ.๐›๐ซ๐š๐ฆ๐ฉ๐ญ๐จ๐ง๐ž๐š๐ฌ๐ญ๐ญ๐จ๐ฒ๐จ๐ญ๐š.๐œ๐š ๐Ÿ ๐Œ๐š๐ซ๐ข๐ญ๐ข๐ฆ๐ž ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ ๐๐ฅ๐ฏ๐, ๐๐ซ๐š๐ฆ๐ฉ๐ญ๐จ๐ง, ๐Ž๐ ๐‹๐Ÿ”๐ฌ ๐ŸŽ๐‚๐Ÿ @mukkadan.joseph . . #CRA #PandemicBenefits #CERB #CRB #Taxation #EligibilityDisputes #TaxLaw #mnm #malayalisnearmeapp #canadaupdate #canadanews

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6 months ago

MalayalisNearMe Official

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๐Ÿ‘‰The City of Toronto has been inundated with over 55,000 complaints regarding its vacant home tax notices, as homeowners contest that their properties were occupied last year. Some attribute the oversight to missing the March 15 deadline, while others insist they submitted declarations on time but still received bills. The tax aims to deter homeowners from leaving residential properties unoccupied amidst a housing crisis. Toronto Mayor Olivia Chow apologized for the confusion, pledging to rectify the situation and waive late fees for affected individuals. Chow acknowledged the challenges with the process, vowing to streamline it for future iterations.โœ… . ๐๐ž๐ฌ๐ญ ๐ˆ๐ง๐๐ข๐š-๐‚๐š๐ง๐š๐๐š ๐Ÿ๐ฅ๐ข๐ ๐ก๐ญ ๐๐ž๐š๐ฅ๐ฌ ๐š๐ฐ๐š๐ข๐ญ! ๐‘๐š๐ก๐ฆ๐š๐ง ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ–๐Ÿ–๐Ÿ—-๐Ÿ๐Ÿ•๐Ÿ•๐Ÿ”, ๐Ÿ—๐ŸŽ๐Ÿ“-๐Ÿ’๐Ÿ๐Ÿ-๐Ÿ๐Ÿ•๐Ÿ–๐Ÿ• ๐ฌ๐š๐ฅ๐ž๐ฌ@๐ซ๐š๐ก๐ฆ๐š๐ง๐ญ๐ซ๐š๐ฏ๐ž๐ฅ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ.๐œ๐จ๐ฆ @rahmantravelservices . . #Toronto #VacantHomeTax #HousingCrisis #LateFees #DeclarationDeadline #MayorApology #ResidentialProperties #Taxation #mnm #malayalisnearmeapp #canadaupdate #canadanews

104 Views

7 months ago

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