Canada Revenue Agency: Don’t Miss the $456 GST Refund in 2021

Author: External Author | | Categories: GST , Tax Accountant


Do you know it is important to file your income tax returns, whether you earn any income or not? You don’t pay any tax for income below $13,000 ($1,100/month) as that is the basic personal amount the CRA believes an individual needs to meet daily needs. Then why file returns? Because the Canada Revenue Agency (CRA) uses income tax returns to remain updated about your age, income, family, and marital status. Canada adopts a progressive tax system, under which the low and mid-income earners get tax benefits and cash benefits. One of these benefits is the Goods and Services Tax (GST) refund.

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Original Article Source Credits:   Yahoo Finance ,

Article Written By:  Puja Tayal

Original Article Posted on:  February 22, 2021

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