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🇨🇦 💰 Tax Season Guide for Newcomers in Canada

A Deep Dive Into Canada’s Top 10 Chefs

February 23, 2024

Did you know? Mount Logan, towering in Canada's Yukon Territory, holds the title of the country's tallest peak? Standing at approximately 5,959 meters, Mount Logan ranks as the second-highest peak in North America, following Denali in Alaska.

Named after Sir William Edmond Logan, a renowned Canadian geologist, this majestic mountain boasts challenging climbing routes and preserves fossils dating back millions of years.(watch)

LIVING
Tax Season Guide for Newcomers in Canada

Starting this week, Canadians can begin the process of filing their taxes online. This means gathering all the necessary documents and information about their income, deductions, and credits to report to the government. If you prefer to file your taxes by mail, the Canada Revenue Agency (CRA) has already sent out the required tax forms to your address.

For most people, the deadline to file taxes and make any payments owed to the government is April 30th. 

Understanding the Canadian tax system is essential for newcomers, as many of the benefits people enjoy in Canada are made possible through taxes. 

Tax Benefits for Newcomers in Canada 
Navigating Canada's tax system as a newcomer can be daunting, but understanding the available benefits and credits can significantly ease your financial transition. Here's a comprehensive guide:

Who are Newcomers?
Newcomers include permanent residents, refugees, and temporary residents such as students or workers. The Canada Revenue Agency (CRA) considers you a newcomer for the first year you reside in Canada.

Canada Revenue Agency (CRA)
The CRA manages tax collection and administers various benefits and credits. To access these, you'll need a Social Insurance Number (SIN), which is essential for receiving benefits, working, and opening bank accounts in Canada.

Money You Could Get from the CRA
Canada provides several benefits and credits to support newcomers financially. These include:

GST/HST Credit and Canada Carbon Rebate: Offset taxes on purchases with quarterly payments for eligible individuals.

Canada Child Benefit (CCB): Monthly payments to assist with raising children under 18.

Provincial and Territorial Benefits: Many provinces offer additional benefits, which you're automatically considered for when applying for federal benefits.

Getting Your Money
It's recommended to sign up for direct deposit to receive payments directly into your Canadian bank account, ensuring fast and secure transactions. Keeping your information updated with the CRA is crucial to continue receiving benefits.

Tax Filing
You don't need to file taxes in your first year to receive benefits. However, after your initial year, filing your taxes annually is necessary to continue accessing benefits and credits, even if you had no income.

Free Tax Help
The CRA and community organizations offer free tax help, including tax clinics and online resources. Be cautious of scams and never provide personal information to unsolicited contacts.

Additional Resources
Understanding the Canadian tax system is essential for newcomers. Each year, individuals complete a tax return (Income Tax and Benefit Return) to determine if they owe tax or are eligible for refunds. Learn about your taxes and ways to do your taxes

CANADA EH?
Things to do around you:

Montreal Nuit Blanche, this year on March 2, marks the end of the Montreal High Lights Festival. Hosting over 180 free activities from 8pm to 6am, including live shows, movies, and outdoor events, making it the city's largest winter party. Plus, the metro runs all night for easy access to the festivities. Learn more

Discover a whole new world with Disney's Aladdin, the hit Broadway musical in Toronto until March 17th! Experience the timeless magic, comedy, and breathtaking spectacle. Princess of Wales Theatre Get your tickets now!

Embark on a self-guided tour of Quebec City's extraordinary Hôtel de Glace, the only ice hotel in North America. Experience a magical winter wonderland as you explore the intricate ice architecture and enchanting surroundings. Get tickets

Explore Banff's pristine winter wilderness with guided snowshoeing adventures, immersing yourself in miles of powdery terrain. Discover the Rockies as nature intended: a mix of fun, challenge, and pure outdoor enjoyment. Grab your tickets today for an unforgettable experience. Now until April 14th.

Don't miss the Vancouver International Wine Festival, Canada's top wine event from February 28th to March 3rd at the Vancouver Convention Centre. It's one of the world's largest and oldest wine festivals, catering to enthusiasts, collectors, and trade professionals. Get tickets

Don’t miss the Ottawa Boat & Outdoor Show this weekend at the EY Centre. Free parking all weekend long! Experience the ultimate outdoor showcase, featuring boats, fishing gear, powersports, paddle sports, and more. February 23-25 Get tickets

TRAVEL
Exploring Canada's Majestic Landscapes on the Rocky Mountaineer

Embark on a remarkable journey with the Rocky Mountaineer, an iconic train offering an unparalleled experience through Canada's Western landscapes.

Onboard Experience:
Luxury knows no bounds aboard the Rocky Mountaineer, where guests are pampered with spacious, glass-domed carriages providing panoramic views of passing wonders. Indulge in gourmet cuisine crafted by onboard chefs using locally sourced ingredients, tantalizing taste buds with flavors reflecting the region's richness.

Setting Off from Vancouver:
Departing from the vibrant city of Vancouver, travelers are greeted with sweeping views of the cityscape and the majestic Coast Mountains, setting the stage for an unforgettable adventure through Western Canada's breathtaking terrains.

Journey through Kamloops:
As the train winds its way through British Columbia's rugged terrain, a stop in the charming city of Kamloops offers a tranquil interlude. Surrounded by rolling hills and the meandering Thompson River, passengers can stretch their legs, explore local attractions, and savor leisurely meals amidst serene beauty.

Exploring Banff & Lake Louise, Alberta:
Continuing eastward into Alberta, the Rocky Mountaineer delves deeper into the heart of the Canadian Rockies, treating passengers to awe-inspiring vistas of turquoise lakes, towering peaks, and pristine wilderness. In Banff and Lake Louise, travelers immerse themselves in the region's rich heritage, exploring charming streets and indulging in culinary delights amid breathtaking natural scenery.

Culminating in Jasper, Alberta:
The journey reaches its pinnacle in the picturesque town of Jasper, nestled within Jasper National Park. As the Rocky Mountaineer arrives at its final destination, passengers reflect on unforgettable experiences amidst majestic landscapes and abundant wildlife. From the thundering Athabasca Falls to the tranquil beauty of the park, Jasper offers a fitting conclusion to a voyage filled with wonder and discovery.

The Rocky Mountaineer beckons adventurers to witness the grandeur of Canada's Western landscapes, promising unforgettable moments of awe and discovery. Whether marveling at towering peaks or immersing in local culture, a journey aboard this iconic train is sure to leave an indelible mark on the soul. Embark on the adventure of a lifetime and explore the myriad offerings of the picturesque Rocky Mountaineer.

Explore all the options this picturesque train has to offer. 

POLL OF THE WEEK 

Would you be interested in attending workshops or seminars on understanding taxes in Canada tailored specifically for newcomers?

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FOOD FOR THOUGHT
A Deep Dive Into Canada’s Top 10 Chefs

In the culinary world, Canada's vibrant and diverse food scene is a testament to the ingenuity and passion of its talented chefs. Recognized by Best Diplomats, this article explores the remarkable contributions of renowned culinary figures who have shaped the Canadian gastronomic landscape from coast to coast.

Mark McEwan
Renowned chef and entrepreneur Mark McEwan is a culinary powerhouse in Toronto, known for his adventurous tastes and commitment to using fresh, local ingredients. With a portfolio of award-winning restaurants and a charismatic presence on TV shows like “Top Chef Canada,” McEwan's culinary empire showcases his unwavering dedication to quality.

Lynn Crawford
Famed for her farm-to-table approach, Lynn Crawford gained prominence on “Top Chef Canada” before establishing her culinary empire. Her Vancouver restaurant, “Ruby Watchco,” is celebrated for its sustainable sourcing and innovative twists on classic dishes, earning her titles like “Canada’s Most Outstanding Chef.”

David McMillan
Co-owner and chef of Montreal's iconic Joe Beef, David McMillan has revolutionized fine dining with his rustic yet refined take on French-Canadian cuisine. His emphasis on regional Quebec products and warm hospitality has made Joe Beef a beloved institution and established McMillan as a culinary maverick.

Get the full list here

ARTS & ENTERTAINMENT
Black History Month Spotlight: Getting to Know Drake

Drake came from humble beginnings in Toronto, Canada, to become a defining force in modern music. Raised by his mother in a diverse neighbourhood, Drake's early life was marked by both struggle and perseverance.

Transitioning from his role as an actor on Canadian show  "Degrassi: The Next Generation," Drake's entry into music began with acclaimed mixtapes showcasing his introspective lyrics and genre-blending style. Since then, he has risen to become one of the most influential figures in contemporary music, renowned for his chart-topping albums and hit singles.

Today, Drake stands as a global icon, celebrated not only for his musical prowess but also for his entrepreneurial ventures and cultural impact. With an ability to capture the essence of the times, Drake's legacy as one of the greatest rappers of his generation is firmly established. (watch)