The You First Blog

(Updated April 7 at 9am) Last week, the federal government announced their aid package to assist Canadians during the COVID-19 crisis.  Either voluntarily or via government mandate, the banking sector is also providing assistance with loan payments.  Here’s what we know so far:   Canada Emergency Response Benefit (CERB): The CERB will provide $2,000 a… Read More

Update on Tax Season

March 21, 2020
Anthony's Update
Anthony Sabti

This week, the CRA officially moved the tax filing deadline for individuals from April 30 to June 1.  The deadline for self-employed workers has not changed and remains June 15. For both individuals and self-employed workers who have a balance owing after filing their return, the payment deadline has been moved from April 30 to… Read More

Justin Trudeau and Bill Morneau addressed the country separately on Wednesday morning to provide details of an $82B aid package to Canadians. The $82B is broken down as $27B in direct support (1% of GDP) and $55B through tax deferrals (3% of GDP). The package is positioned as a Phase 1 announcement, with promises of… Read More

An official announcement will be made tomorrow, but a Financial Post article confirms that Canadians will have an additional month to file their returns and four extra months to make their payment this year. The filing deadline has been moved from April 30 to June 1 and the interest-free payment deadline will be August 31…. Read More

We understand the need for reduced travel because of the COVID-19 situation.  As you prepare for delivery of your tax documents to our office, we wish to remind you of the following electronic alternatives: You can e-mail your documents to joanne@you-first.com You can upload your documents securely (instructions below) to the Fundex Wealthview portal (client.fundex.com)… Read More