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income

Data from Statistics Canada on the country's queer community revealed that as of 2018, there were approximately one million LGBTQ2S+ people in Canada.

Canada's statistical agency released the data on June 16 to create a "portrait" of the "demographic and social profile of Canada's diverse LGBTQ2+ communities" — however, much of the data "[focuses] on LGB Canadians (lesbian, gay, bisexual), since Statistics Canada has been collecting detailed information on these communities since 2003."

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The deadline for tax season in Canada was April 30 — if you missed it, don't panic. We asked H&R Block senior tax expert Josée Cabral what to do if you missed the deadline for filing your income tax to the Canada Revenue Agency (CRA) or Revenu Québec

For starters, know that grace periods for taxes in Quebec and Canada exist. However, your benefits and credits could be delayed if you missed the tax deadline. This includes COVID-19 relief measures, such as the CRB.

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A guaranteed basic income (GBI) program would cut Quebec poverty rates by 60.4%, according to a new report by the office of Canada's Parliamentary Budget Officer.

For the country as a whole, the report found that GBI would reduce poverty rates by almost half in 2022.

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A new bill was introduced that, if passed, would be a major step toward implementing guaranteed basic income in Canada — a set amount of money every citizen would be entitled to and cover the basic costs of living.

Bill C-273, a Liberal private member's bill that had its first reading on February 22, would require the minister of finance to develop a national strategy to assess possible models for implementing a guaranteed basic income program.

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If you got funding from one of Canada's COVID-19 benefits, including CERB, and later found out you were ineligible, you may have to pay back the government. But how?

We asked Josée Cabral, a Quebec-based tax expert at H&R Block, to explain everything you need to know about repaying CERB.

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Doing taxes can be overwhelming, especially since each province and territory has its own system. What most Canadians want to know is how to pay less income tax — and that means taking advantage of tax credits in Canada and Quebec

Put simply, tax credits allow you to "write off" expenses, deducting money from the amount you owe or adding to the amount you get back from the government. Non-refundable credits help with the former and refundable credits help with the latter, FYI.

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Tax jargon got you down? Revenu Québec has a tip that could help you declare CERB and other COVID-19 benefits when you do your taxes this year, especially if you do them manually.

If you received the federal government's COVID-19 benefits for 2020, you might be wondering whether you have to pay them back, as well as what you need to declare on your income tax in Quebec.  

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It's no secret that buying property is a pretty big investment. And over the last couple of years, that's become truer and truer when it comes to Montreal real estate. So you may be wondering: how much do you need to afford a house in Montreal?

A study conducted by the National Bank of Canada found that the price of non-condo homes went up 6.6% in the last quarter of 2020, while the price of condos went up by 3.5% (median of 6.1%).

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It's February! Meaning that if you're a Quebec resident in Canada, tax season 2021 is right around the corner. Why not get a head start during the province's lockdown and curfew period? It's not like you have anything better to do.

MTL Blog spoke with H&R Block Senior Tax Specialist Josée Cabral to get the 411 on doing your taxes as a Quebecer. Remember that you're always doing taxes for the previous year so the taxes you do in 2021 will cover your 2020 — as much as we wish we could pretend 2020 never happened. 

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If you're one of the many Montrealers leaving the metropolis for another region, you might consider a move to Quebec City, Saguenay, Sherbrooke or Trois-Rivières. A recent report by Point2Homes ranked the four cities among the most affordable real estate markets in Canada in 2020. 

The report, published on January 19, evaluated the percentage of income that homeowners in cities across Canada spend on their mortgage.

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With the new year around the corner, many Montrealers are reflecting on this past year and are starting to think about any resolutions that they may have for 2021. For many, that likely includes speaking to a financial advisor for guidance when it comes to all things money-related.

Editor's Choice: Here's How Quebec Plans To Deal With People Who Still Gather At Christmas

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