{"id":1641,"date":"2025-12-21T17:22:18","date_gmt":"2025-12-21T17:22:18","guid":{"rendered":"https:\/\/idealteam.ca\/idealacc2\/?page_id=1641"},"modified":"2025-12-21T17:25:08","modified_gmt":"2025-12-21T17:25:08","slug":"notes-for-newcomers","status":"publish","type":"page","link":"https:\/\/idealteam.ca\/idealacc2\/notes-for-newcomers\/","title":{"rendered":"How to Avoid CRA Penalties"},"content":{"rendered":"\t\t
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Notes for Newcomers<\/strong><\/h2>

1. Canada Child Benefit (CCB)<\/strong><\/h3>

If you have new baby or recently became a permanent resident and have children under 18, you may be eligible for the Canada Child Benefit (CCB)<\/strong>.
The benefit amount depends on your family income and decreases as income increases.
Learn more and apply here:
Canada Child Benefit Overview<\/a><\/p>

https:\/\/www.canada.ca\/en\/revenue-agency\/services\/child-family-benefits\/canada-child-benefit-overview\/canada-child-benefit-before-you-apply.html<\/a><\/p>

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2. GST\/HST Credit<\/strong><\/h3>

Permanent residents, work permit holders, and even international students may qualify for the GST\/HST Credit<\/strong>, a refund for low-income residents.
More details and the application form:
GST\/HST Credit Form RC151<\/a><\/p>

https:\/\/www.canada.ca\/en\/revenue-agency\/services\/forms-publications\/forms\/rc151.html<\/a><\/p>

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3. Foreign Property Reporting<\/strong><\/h3>

Canadian residents (individuals or corporations) who own specified foreign property costing more than $100,000<\/strong> must report it on their tax return.
More information and the required form:
Foreign Income Verification Statement<\/a><\/p>

https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/international-non-residents\/information-been-moved\/foreign-reporting\/foreign-income-verification-statement.html<\/a><\/p>

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Notes for Newcomers 1. Canada Child Benefit (CCB) If you have new baby or recently became a permanent resident and have children under 18, you may be eligible for the Canada Child Benefit (CCB).The benefit amount depends on your family income and decreases as income increases.Learn more and apply here:Canada Child Benefit Overview https:\/\/www.canada.ca\/en\/revenue-agency\/services\/child-family-benefits\/canada-child-benefit-overview\/canada-child-benefit-before-you-apply.html \u00a0 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-1641","page","type-page","status-publish","hentry"],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"admin","author_link":"https:\/\/idealteam.ca\/idealacc2\/author\/adminidealteam-ca\/"},"uagb_comment_info":0,"uagb_excerpt":"Notes for Newcomers 1. Canada Child Benefit (CCB) If you have new baby or recently became a permanent resident and have children under 18, you may be eligible for the Canada Child Benefit (CCB).The benefit amount depends on your family income and decreases as income increases.Learn more and apply here:Canada Child Benefit Overview https:\/\/www.canada.ca\/en\/revenue-agency\/services\/child-family-benefits\/canada-child-benefit-overview\/canada-child-benefit-before-you-apply.html \u00a0…","_links":{"self":[{"href":"https:\/\/idealteam.ca\/idealacc2\/wp-json\/wp\/v2\/pages\/1641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/idealteam.ca\/idealacc2\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/idealteam.ca\/idealacc2\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/idealteam.ca\/idealacc2\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/idealteam.ca\/idealacc2\/wp-json\/wp\/v2\/comments?post=1641"}],"version-history":[{"count":7,"href":"https:\/\/idealteam.ca\/idealacc2\/wp-json\/wp\/v2\/pages\/1641\/revisions"}],"predecessor-version":[{"id":1649,"href":"https:\/\/idealteam.ca\/idealacc2\/wp-json\/wp\/v2\/pages\/1641\/revisions\/1649"}],"wp:attachment":[{"href":"https:\/\/idealteam.ca\/idealacc2\/wp-json\/wp\/v2\/media?parent=1641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}