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Background Because of the Pandemic situation the government of Canada has enacted several measures to support both individuals and Corporations to survive the harsh shutdown measures that we all witnessed

Taxation

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Background

Because of the Pandemic situation the government of Canada has enacted several measures to support both individuals and Corporations to survive the harsh shutdown measures that we all witnessed .Our focus will be on the Federal Government legislations to support individuals.

Required

You are  required to prepare a report that:

1. Explain briefly to the reader, who is not a tax expert, for the program CCB ( Canada Child Benefits )
2. What are the eligibility criteria for this program?
3. What were the changes in the filing deadlines for the T1 return? 
4. What are the potential pitfalls and areas that an average personal taxpayer may fall in to? ( e.g. assuming this money is tax free)
5. Select a couple of related articles and summarize their findings in the report 
6. Based on what you researched, comment on the adequacy of the support extended and provide some recommendations on how to change ( add / remove) some of the programs.