Joseph Devaney

628 posts

Joseph Devaney

Joseph Devaney

@videotax

CPA CA, VP Education and Development (Video Tax News)

Edmonton Katılım Mayıs 2013
136 Takip Edilen753 Takipçiler
Joseph Devaney
Joseph Devaney@videotax·
@katerpillar56 @CanRevAgency I agree. The problem is that opting out may mean that they are no longer eligible....for that particular year anyways. I would assume that they could opt back in the next year. I wonder if the ability to opt back in later would mean that they were "eligible" on Dec 31.
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🇨🇦 Kathy Alexander 🇨🇦
🇨🇦 Kathy Alexander 🇨🇦@katerpillar56·
@videotax @CanRevAgency It does say “if eligible” not “receiving”. My thought is CRA would not like taxpayers opting out of (usually partially employee paid) employer benefits to receive free government benefits.
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Joseph Devaney
Joseph Devaney@videotax·
@CanRevAgency One of the biggest questions I'm getting from accountants: On T4s, if an employee opted out of employer-provided dental coverage, so were not eligible on Dec 31, would they put "1 - not eligible..." in Box 45? Any thoughts? Slips need to be filed imminently.
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Joseph Devaney
Joseph Devaney@videotax·
@jonrgibson @CanRevAgency The question I have on that is" If they have opted out, and are no longer legally eligible to opt back in on Dec 31, does that mean that they are ineligible on Dec 31?" Legally, they aren't eligible...
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Joseph Devaney
Joseph Devaney@videotax·
@sjperryCA @CanRevAgency I agree. Your view is consistent with how I view the intent of the Canada Dental Plan...just need to get CRA's take on it so Canadians and accountants can get these 10s of millions of T4s out! : )
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Sharon Perry, CPA, CA
Sharon Perry, CPA, CA@sjperryCA·
@videotax @CanRevAgency I was under the impression it was if employee was eligible, not whether they chose to opt in or not. And really, devils advocate, why should a taxpayer get free dental when they had the option of having dental benefits?!? Obviously a generalized statement not situation specific.
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Joseph Devaney
Joseph Devaney@videotax·
@ChrisGNardi Chris, I think you need to swap out that cup for one of these in case you have to stay until 1:30 am again... loudcup.com ... may make things more interesting!
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Joseph Devaney retweetledi
Canada Revenue Agency
Canada Revenue Agency@CanRevAgency·
📣 Breaking news! Penalties and interest for Underused Housing Tax returns and amounts payable for the 2022 calendar year are waived until April 30th, 2024. Learn more here ➡️ ow.ly/QzLi50Q2NsA #CdnTax #CdnRealEstate
Canada Revenue Agency tweet media
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Joseph Devaney
Joseph Devaney@videotax·
@CanRevAgency - You may want to consider doing a taxpayer relief Tax Tip in respect of the Alberta wildfires. I was supposed to do the final T1 reviews for one family on April 30, but instead, they had to try to save their animals and house and evacuate.
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Joseph Devaney
Joseph Devaney@videotax·
@FinanceCanada Why is the underlying grocery rebate legislation included in both C-46 and C-47? Is there a reason for this? #CdnTax
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Joseph Devaney
Joseph Devaney@videotax·
@CanRevAgency @mireille_cra I’m with 3 Ukrainian refugee families this evening explaining 🇨🇦 taxes. I want to send them your intro to Canadian taxes (in 12 languages). Unfortunately, they can only understand the Russian one. A little awkward. Can you help me out on this?
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Joseph Devaney
Joseph Devaney@videotax·
@CanRevAgency This does not answer the question. I suggest reconsidering and escalating this question as there will be a lot of angry teachers if they don’t get their refunds as expected. They are already dealing with enough. @mireille_cra
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Joseph Devaney
Joseph Devaney@videotax·
@CanRevAgency I see that eligible educator school supply credits will not be processed until Bill C-8 has received Royal Assent. If I file a return including a claim now, will the claim be denied, or will the return be held until Bill C-8 is passed?
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Gurdeep Pandher of the Yukon
Gurdeep Pandher of the Yukon@GurdeepPandher·
A month from today, on March 11, 2022, I'll be having a two year anniversary of me making one dance video everyday for joy, hope & positivity. I had started it on March 11, 2020, on the day World Health Organization declared Covid as global pandemic. How should I celebrate it?
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