Skip to main content

Featured

Tax Deadline April 30: The Most Common CRA Mistakes Canadians Make — and How to Avoid Them

Missed deductions, wrong SINs, unreported side income — these are the errors that delay your refund, trigger CRA letters, and quietly cost Canadians millions every year. Here's your 2026 checklist With April 30 just days away, millions of Canadians are racing to pull together slips, receipts, and records before the Canada Revenue Agency's personal income tax deadline. But filing on time and filing  correctly  are two very different things. The CRA flags thousands of returns each year for errors that are entirely preventable — errors that delay refunds, generate costly reassessments, and sometimes result in penalties that linger for months. Whether you're a first-time filer, a seasoned DIY-er, or someone handing everything to an accountant, here are the 10 most common CRA mistakes Canadians make — and exactly how to avoid each one. 1. Misunderstanding the April 30 deadline The filing deadline for most Canadians is  April 30, 2026 . Miss it when you owe money, and you'll ...
Post a Comment
Read more

article

Labels

Resilient Workforce: U.S. Jobless Claims Dip to 213,000 Amid Stability

 

The latest data from the U.S. Labor Department shows that initial jobless claims fell by 7,000 to 213,000 for the week ending February 8, outperforming economists’ expectations of 215,000. This decline is a positive indicator of a robust labor market, where layoffs remain historically low, despite ongoing economic uncertainties. 

Complementing this data, January’s employment report revealed an increase of 143,000 nonfarm payroll jobs, with the unemployment rate holding steady at 4.0%. These figures suggest that businesses are largely retaining their workforce, a factor that has enabled the Federal Reserve to pause further interest rate cuts as it assesses economic conditions. 

While some sectors are experiencing isolated job cuts amid persistent inflation and cautious corporate strategies, the overall picture points to a stable and resilient labor market. The sustained strength in job retention continues to support economic expansion, even as policymakers and businesses navigate a complex economic landscape.

Labels:

Comments

Post a Comment