Trudeau considers making $2,000 coronavirus allowance tax free
Trudeau’s government is considering making the $2,000 allowance granted to all Canadians who are struggling as a result of coronavirus entirely non taxable
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Trudeau’s government is considering making the $2,000 allowance granted to all Canadians who are struggling as a result of coronavirus entirely non taxable
Justin Trudeau's government is considering making the $2,000 allowance granted to all Canadians who are struggling as a result of coronavirus entirely non taxable, according to the Le Journal De Montreal.
Initially, Trudeau announced that the $2,000 amount would be included as income in the tax report next year, however Ottawa may change their minds on this.
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View on YouTubeHaving said this, this tax-free clause will only be granted to those who were deprived on income as a result of the coronavirus troubles, and those who have earned at least $5,000 last year.
Canadians will be able to register for this benefit in April, and the cheques will arrive ten days after registration.
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