LocationsNew Canada Child Benefit!
This new benefit will replace the previous Universal Child Care benefit and Child Tax Benefit.
You and your spouse or common-law partner MUST file your 2015 tax return in order to receive any benefits. If you are eligible, you will automatically start receiving the new Canada Child Benefit as of July 2016.
The new Canada Child Benefit is:
•Simpler — most families will receive a single payment every month
•Tax-free — families won’t have to pay taxes on payments received when they file their tax returns
•Better-targeted to those who need it most — low and middle-income families get higher payments, and those with the highest incomes (generally over $150,000) receive less than under the previous system
•Much more generous — families benefiting will see an average increase of almost $2,300 in the 2016-17 benefit year
Still Haven’t Filed Your 2015 or Earlier Taxes?
- In order to receive any additional benefits such as CCB, OAS, CPP, OTB, GST/HST & many more you need to file your taxes. By not filing you may be missing out on money you’re entitled to
- If you have a balance owing to the CRA it will continue to incur interest until it is paid in full, so the earlier you file and pay off the balance the less you will actually be paying!
- There is no escape from the TAX MAN! Regardless of your situation at some point you will need to get your tax filing up to date, so come into any Taxwide location today and let us take the stress away for you.
Fall 2016 Benefit Payment Dates:
GST/HST
- October 5, 2016
Ontario Trillium Benefit
- August 10, 2016
- September 9, 2016
- October 7, 2016
- November 10, 2016
Canada Child Benefit
- August 19, 2016
- September 20, 2016
- October 20, 2016
- November 18, 2016