Category: RefundPortal.com

Tax Measures Under Canada’s COVID-19 Economic Response Plan

Reader Alert: On September 24th, 2020, the Speech from the Throne announced many tax and related initiatives including the extension of the Canada Emergency Wage Subsidy (the “CEWS”) program to the summer of 2021.[1] Reader Alert: On July 17, 2020, the Government of Canada released details, as well as draft legislation, in respect of a redesigned Canada Emergency Wage Subsidy...

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You might get an interest check for your late tax return—here’s who qualifies and what to do with the money

While the second round of stimulus checks[1] are still in limbo, a small category of taxpayers can anticipate getting some additional cash sometime soon, this time from the IRS. According to a press release,[2] nearly 14 million Americans will receive an interest payment check for their delayed tax refunds. A long-standing law requires the IRS to pay interest to those who received...

READ MORE You might get an interest check for your late tax return—here’s who qualifies and what to do with the money