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📢 Canada's Digital Services Tax (DST) is now in effect! Foreign tech giants must pay a 3% levy on revenue from Canadian users, retroactive to 2022. This move aims to level the playing field and ensure large multinational companies pay their fair share of taxes. However, it may lead to higher costs for consumers as tech companies might pass the tax on through increased digital service prices... ◾ Increased Prices: Companies might pass on the cost of the tax to consumers by raising prices on goods and services. ◾ Reduced Choices: Some companies might reduce their presence or pull out of certain markets to avoid the tax, leading to fewer options for consumers. ◾ Improved Services: On the positive side, the tax revenue could be used to improve public services and infrastructure, potentially benefiting consumers indirectly. ◾ Fairer Market: By ensuring large companies pay their fair share, smaller businesses might find it easier to compete, potentially leading to more diverse and innovative products and services. ◾ Economic Impact: The overall economic environment might be influenced, potentially affecting employment rates and economic stability, which can have indirect effects on consumers' purchasing power and confidence. ℹ️ Source of Information 👇 https://lnkd.in/eRneWnKc #DigitalTax #Canada #TechNews #Economy #GlobalNews #PriceIncrease #July2024 #CanadianConsumers #Taxes #Taxation #TaxIncrease #DailyNews #CanadaDST #TechTax #CanadianTaxes #TaxFairness #TaxPolicy #CanadianEconomy #ConsumerCosts

📢 Attention Quebec Restaurant Owners! Revenue Quebec announces mandatory billing for restaurants, starting with applying for an authorization code as the first step towards the Web-SRM system. This change aims to enhance transparency and efficiency in the industry. Restaurateurs must comply with the new requirements to facilitate accurate tax reporting and streamline operations to improve efficiency in billing practices. 👉 Ensure your business complies by applying for the authorization code promptly. ℹ️ Source of Information 👇 https://lnkd.in/eEhTAJBP ℹ️ Version française 👇 https://lnkd.in/emxr-TME #QuebecRestaurants #MandatoryBilling #RestaurantOwners #BusinessCompliance #QuebecBusiness #RestaurantManagement #QuebecRegulations #RestaurantBilling #QuebecGastronomy #RestaurantOperations #BillingSystem #QuebecEconomy #RestaurantIndustry #Quebec #DailyNews

💡 Canadian Rental Housing Crisis: A call for a Low-Income Housing Tax Credit Canada faces a severe rental housing shortage with minimal new affordable units being built. Implementing a Low-Income Housing Tax Credit (LIHTC) similar to the U.S. could address this. The LIHTC would encourage private and nonprofit sector investment in low-income housing by providing tax credits. This would create a sustainable solution to increase affordable rental housing, using private sector expertise to manage and build these units. ℹ️ Source of Information 👇 https://lnkd.in/ekY-_uYn #AffordableHousing #HousingCrisis #TaxCredit #CanadaHousing #RentalHousing #LowIncomeHousing #HousingSolutions #TaxCredits #SustainableHousing #NonprofitHousing #AffordableRentals #HousingShortage #CanadaHousingCrisis #BuildAffordableHousing #EconomicPolicy #SocialHousing #HousingForAll

💡 Heads Up, Canadians! If you qualify for the GST/HST tax credit, expect a payment in your bank account this week. This non-taxable quarterly payment helps offset GST and HST for individuals and families with low to modest incomes. Eligibility is based on your income, marital status, and number of eligible children. Single individuals can receive up to $519, while families can get up to $680. Additionally, they may receive additional funding of up to $179 per child under the age of 19. ℹ️ Source of Information 👇 https://lnkd.in/eKktjCSv #GSTCredit #HSTCredit #TaxRelief #CanadianTaxes #FinancialSupport #LowIncomeFamilies #TaxCredits #CanadaBenefits #FinancialAssistance #TaxSeason #IncomeSupport #FamilyBenefits #CRA #TaxHelp #FinancialAid #SupportForFamilies #IncomeTaxCredit #GovernmentBenefits #DailyNews

True North Proud and Strong! 🇨🇦 Today, we celebrate the beauty, diversity, and spirit of our great nation. From coast to coast, let’s come together to honor the rich history, vibrant culture, and incredible people that make Canada so special. Whether you're enjoying the outdoors, sharing a meal with loved ones, or watching fireworks light up the sky, take a moment to reflect on the values of unity, peace, and kindness that define us as Canadians. We wish you all a joyful and memorable Canada Day! #CanadaDay #CelebrateCanada #ProudCanadian #CanadianCulture #Diversity #CanadaDay2024 #TrueNorthStrongAndFree #HappyCanadaDay #CanadianPride #CanadaDayCelebration #CanadianSpirit #NationalDay #CanadaLove #CelebrateTogether #CanadianValues #Celebration

🚨 Important Notice from CRA 🚨 Starting July 2024, the Canada Revenue Agency (CRA) will issue legal warnings and take legal measures to recover overpayments for COVID-19 benefits (CERB, CRB, CWLB) from individuals who have the financial capacity to repay but have not responded or cooperated. Legal actions are only taken when individuals with the ability to pay do not cooperate. 👉 How to pay your debt Paying off your debt immediately remains the best way for you to avoid legal measures. It’s important to note there are no penalties and interest on emergency benefit overpayment debts. We encourage individuals to follow the directions they receive in any correspondence from the CRA without delay. ℹ️ Source of Information 👇 https://lnkd.in/eKn7-FnN ℹ️ Version française 👇 https://lnkd.in/eGGyFG3K #CRA #COVID19Benefits #DebtRecovery #FinancialResponsibility #CRANotice #CERB #CRB #CWLB #PayYourDebt #FinancialAdvice #COVIDRelief #GovernmentBenefits #TaxpayerAlert #StayInformed #TaxTips #June2024 #DailyNews

🤝 Happy National Handshake Day! Celebrated on the last Thursday of June, this year it falls on June 27. The handshake is a universal greeting, symbolizing peace, goodwill, and even forming secret bonds within groups. In business, a handshake is more than just a greeting; it's a symbol of trust and agreement. It signifies a mutual understanding and commitment between parties, often sealing deals and partnerships. A firm handshake can convey confidence and professionalism, while a weak one might suggest uncertainty or lack of interest. It also symbolize that "your word is your bond." Always give a firm handshake! 👍 #NationalHandshakeDay #Handshake #TrustAndAgreement #BusinessEtiquette #Professionalism #SymbolOfTrust #Goodwill #BusinessPartnerships #Confidence #FirmHandshake #YourWordIsYourBond #DailyPost #June2024

📢 Attention Small Businesses! 🌱 The Canada Carbon Rebate for Small Businesses is here to help! Eligible Canadian-controlled private corporations (CCPCs) will receive a refundable tax credit based on the number of employees in designated provinces. This rebate covers the 2019-2020 to 2023-2024 fuel charge years. No application is needed; rebates will be automatically issued based on your tax return. ℹ️ Source of Information 👇 https://lnkd.in/eNPMSSTb ℹ️ Version française 👇 https://lnkd.in/eaJfaiUT #SmallBusiness #CanadaCarbonRebate #CCPC #TaxCredit #BusinessSupport #CanadianEconomy #Sustainability #RefundableTaxCredit #BusinessRebate #CarbonTaxRebate #SmallBizSupport #TaxRelief #BusinessIncentives #DailyNews

📢 Capital Gains Tax Inclusion Rate Hike: Three Positives 1️⃣ Increased Tax Awareness: The hike has sparked public discussion about taxation, improving Canadians' knowledge about tax affairs and dispelling myths. 2️⃣ Transparency on Governance: Understanding the dynamics reveals the deceptive nature of the current government's policies, prompting demands for better governance. 3️⃣ Demand for Change: Reasonable Canadians are tired of poor policies and are calling for a shift towards governance that respects basic economics and fair taxation. 💬 Entrepreneurial coach Dan Sullivan is famous for saying, “Always make your future bigger than your past.” I’m very optimistic that Canada has a brighter future than its rich past. However, it needs better governance, which includes a government that is considerate of all its constituents, has respect for basic economics and good taxation policy, and a population that is willing to work hard to improve its standard of living and take care of its vulnerable. I look forward to a bright Canadian future. ✨ ℹ️ Source of Information 👇 https://lnkd.in/eRVGd2mK #CapitalGainsTax #TaxAwareness #Governance #PolicyChange #TaxReform #EconomicPolicy #CanadaFuture #EconomicGrowth #TaxEducation #CanadianEconomy #FairTaxation #PublicDiscussion #StandardOfLiving #Canada #DailyNews #Informational #June2024

🎉 Happy Saint-Jean-Baptiste Day to all Quebecers! Today, we celebrate the richness of our culture, our history, and our beautiful province. May this day be filled with joy, pride, and unforgettable moments. Happy National Quebec Day! Joyeux Saint-Jean-Baptiste à tous les Québécois! Aujourd'hui, nous célébrons la richesse de notre culture, notre histoire et notre belle province. Que cette journée soit remplie de joie, de fierté et de moments inoubliables. Bonne fête nationale du Québec! 💙⚜️ #NationalHoliday #Quebec #QuebecCulture #SaintJeanBaptiste #FêteNationale #Celebration #DailyNews