Some quick points to consider…

  • In 2021, four special payments to recipients of the Canada Child Benefit, totaling up to $1,200 per child under age six, will be made.
  • The Canada Emergency Wage Subsidy has been extended to June 2021. Details are still pending for periods after March 2021.
  • CRA has required Coinsquare, a cryptocurrency trading platform, to provide the identity of every client (which is over 200,000 accounts) to help address perceived risks of non-compliance.
  • For the first 9 months in 2020, 6,045 individuals renounced their S. citizenship representing a significant increase as compared to only 1,811 for the same period in 2019. 2020 surpassed the highest previous year on record of 5,411 in 2016.