Skip to main content

Featured

Farmers’ Fury Erupts in Greece Over EU Subsidy Delays

                                         Protesting farmers push against riot police in Nikaia, near Larissa, Greece    Greek farmers clashed with police on Sunday in central and northern regions of the country as anger mounted over the delayed payment of European Union agricultural subsidies. The protests, centered around Nikaia near Larissa, saw hundreds of farmers blocking highways with tractors and demanding immediate government action. The unrest stems from an estimated €600 million shortfall in EU aid following a corruption scandal that has triggered investigations by the European Public Prosecutor’s Office. Authorities allege that some farmers falsified land and livestock ownership records to secure subsidies, leading to a freeze in payments while the probe continues. Police responded with tear gas and barricades as demonstrators attempted to...
Post a Comment
Read more

article

Labels

Tax-Savvy Strategies: Maximizing Your CRA Returns

                                         

    
As the tax season looms, Canadians are reminded of the April 30 deadline for filing and payment to avoid penalties from the Canada Revenue Agency (CRA). To ensure a smooth tax experience and potentially increase your returns, here are some key strategies:

  1. RRSP Contributions: Ensure you report any contributions made to your Registered Retirement Savings Plan (RRSP) within the first 60 days of the year to qualify for a tax refund.

  2. First Home Savings Account: Take advantage of the new First Home Savings Account (FHSA) for tax-deductible contributions and tax-free withdrawals for your first home’s down payment.

  3. Medical Expense Tax Credit: Families can claim the non-refundable medical expense tax credit if their total medical expenses exceed the lesser of $2,635 or 3% of net income.

  4. Home Office Expenses: Remote workers can claim home office expenses, though the flat-rate method is no longer available; detailed tracking is required.

By mastering these tax changes and utilizing accounts like the TFSA, Canadians can lighten their tax burden and keep more money in their pockets. Remember, early preparation is key to a stress-free tax season.


Labels:

Comments

Post a Comment