October 15, 2021

The Queens County Citizen

Complete Canadian News World

Answers to your questions about ECPs and taxes

Answers to your questions about ECPs and taxes

The Prime Minister of Canada Justin Trudeau has announced a tax holiday for people earning income through various aid programs.

Also read: More liquidity and savings in eastern Quebec

Also read: Financial Assistance, Taxes and RRSPs, How to Receive

Taxpayers should be vigilant, however, as they are required to declare taxes on their other income for the 2020 fiscal year.

Income not subject to tax, subject to non-payment of tax on PCU income by April 30, 2022, should not exceed 75,000.

Here are the answers to some of our viewers’ questions.

“I received T4A and Relive1, which confirms 000 8,000 income. I only received $ 4000 from PKU. Do I still have to pay taxes?”

It is important to contact the Revenue Agency to modify T4A or Relevé 1. If you do not receive a new tax slip, you will have to pay $ 8,000 in taxes.

“Is there a connection between PCU fraud and data breach at Desjardines? My 15 year old son is the victim. ”

According to Deszardins, there is no official connection between these leaks. Contact Deszardins, they provide protection against data theft and assist at every step to find your identity.

“I did not receive T4A and I received PCRE. Is this normal? Is PCRE taxable?”

PCRE is taxable. If you do not receive your slip in the next few days, contact the Canada Revenue Agency.