Mortgage Relief Options for Canadians

Higher interest rates may be a stress on many families, the Economic Planning Board encourages mortgage owners to be aware of their options for assistance.

Please take time to review the information HERE, which is provided by the Government of Canada's Financial Consumer Agency.

Also take time to meet with your mortgage provider to obtain information on specific programs, rates, and services they may offer for mortgage renewals.

Edmonton and Area Job Postings

For the week of March 15, see open positions with the following employers on the Edmonton and Area Job Listings, featuring opportunities in a number of Edmonton and area organizations, with varying levels of education and experience required.

In-Person Tax Clinics

In-person tax clinic sessions are back for the 2023 Canada tax filing season. Facilitated through the Canada Revenue Agency's Community Volunteer Income Tax Program (CVITP), individuals with a modest income, new comers, seniors and those with a simple tax situation, can get assistance on their tax returns.

If you qualify, please fill out the Tax Clinic Intake Form.

For more information, please visit the Economic & Financial Planning News Section.

 

Economic Planning Board: Tax Clinic Intake Form

The Economic Planning Board (“EPB”) is an initiative of His Highness Prince Aga Khan Shia Imami Ismaili Council for Canada (“CFC”). The objective of the EPB is to deliver and collaborate on programming to participating individuals and families to foster economic empowerment. Programs include, amongst others, financial literacy, skills and employment, and the Ismaili Business Support Centre.
 
The EPB Program will be provided by EPB volunteers and staff (collectively “Providers”). As part of the EPB Program, Providers may also recommend and facilitate access to third party services and programs (“Third Party Services”) that could be of benefit to participating individuals.

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Vacant Home Tax

Owners of properties in Toronto that are classified within the residential property tax class are required to declare the occupancy status of their property every year, even if they reside there. However, the tax does not apply to:
  • Properties that are the principal residence of the owner
  • Properties that are the principal residence of a permitted occupant or occupied by a tenant (including business tenants)
  • Properties that qualify for an exemption

The deadline to make a declaration of the property’s 2023 occupancy status has been extended to Friday, March 15.

Visit the City of Toronto Vacant Home Tax information page to get further details and declare your occupancy status.

It is Tax Filing Season

The Economic Planning Board is pleased to announce that the in-person tax clinic sessions are back for the 2023 Canada tax filing season. Facilitated through the Canada Revenue Agency's Community Volunteer Income Tax Program (CVITP), individuals with a modest income, newcomers, seniors, and those in a simple tax situation can get assistance on their tax returns.

If you qualify, please complete the registration form: Tax Clinic Intake Form.

Talent Pool Online Job Fair

Are you looking to kickstart your job search? Join Talent Pool on Wednesday, March 20 for an online career fair.

Connect with more than 50 employers from a wide range of industries. Ask questions, get answers, and take the next step at this virtual job fair.

Register today!

Tax Clinic for Families and Individuals Requiring Financial Assistance

Start Date:
Sunday, March 17, 2024
Start Time:
10am-2pm
 
Tax clinics will be held for families and individuals requiring assistance filing their 2023 income taxes. The tax clinics will be held in the Franklin Jamatkhana Social Hall every Sunday from March 17 to April 14 from 10am - 2pm. No registration is required.
 
Jamati members will have the opportunity to sit down with a volunteer who can assist with income tax preparation at no charge. By filing annual income taxes, low-income individuals and families may gain access to financial supports including GST and child tax benefits.
 
To qualify for the tax clinics, individuals must meet the following criteria:
  • Household income:
    • 1 person: Less than $35,000
    • 2 or more people: Less than $45,000 (plus $2,500 for each additional dependant)
  • Simple tax situations consisting of employment income, pension income, benefits, etc.

Volunteers will not be able to prepare tax returns for individuals who:

  • Are self-employed or have business income
  • Have significant real estate holdings or rental income
  • Have large amounts of savings or investments
  • Are deceased
  • Have interest income over $1,000
  • Became bankrupt in the year
  • Have received large insurance or lawsuit payouts

Please bring your 2022 Notice of Assessment if you filed your taxes last year.

Tax Clinics For Families and Individuals Requiring Assistance

Date:
Sunday, March 24, 2024
Time:
10am PT

Tax clinics will be held for families and individuals requiring assistance filing their 2023 income taxes. The tax clinic takes place on Sunday, March 24 from 10am to 3pm at the Ismaili Centre, Vancouver.

Jamati members will have the opportunity to sit down with a volunteer for income tax preparation at no charge. By filing annual income taxes, individuals and families gain access to financial supports such as GST and child tax benefits.

Eligible individuals must meet the following criteria:

  • Household income of the following:
    • 1 person: $35,000
    • 2 or more people: $45,000 plus $2,500 for each additional individual
  • Simple tax situations consisting of employment income, pension income, benefits etc.

Registration is required.

Volunteers will not be trained or able to support complex tax situations such as following:

  • Self-employment income or employment expenses
  • Business income and expenses
  • Rental income and expenses
  • Interest income over $1,000
  • Capital gains or losses
  • Bankruptcy in the tax year (or the year before, if that return has not yet been filed)
  • Deceased person
  • Foreign property (T1135)
  • Foreign income

Inter-Generational (Family) Wealth Preservation (IGWP) Webinar

Date & Time: March 28, 2024 from 8:15 pm to 9:45 pm EDT (includes a Q&A period)

Where: on Zoom! We will send out the link after this form closes on March 27, 2024 at 11:59 PM EDT

If you want to learn more, please click here. If you have any questions, please email us.

Key Objectives:
At the end of this workshop, participants will have:
  1. Examine your family’s unique situation through the lens of your values for building your wealth preservation plan, incorporating ethics, history, contribution, and legacy
  2. Learn frameworks and best practices to begin to design your family’s wealth preservation journey and plan
  3. Leverage resources to ensure success of your plan

 

Who should attend (Criteria):

  1. Business and non-business families
  2. Families starting out on the Inter-Generational Wealth Preservation journey
  3. Families who may have started but want cultural and faith perspectives

 

Next steps

  • Complete the Application Form below PRIOR to March 27, 2024 by 11:59 PM PDT
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Evaluation Form - Computer Resource Center 2024

XYZ BOARD FOR ONTARIO

NAME OF EVENT:  DATE

Thank you for attending. Please take a few minutes to complete this short survey to provide feedback on the event. Your feedback will help us improve future programming.

General Information

Event Content

What was your biggest take-away from this event?

Overall Event Evaluation

What are some other topics or events you would like to see in the future?

What suggestions would you make to improve the event?

Do you have any additional comments?

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