The Canada Revenue Agency (CRA) has announced that claims for the Eligible Educator School Supply Tax Credit won’t be processed until the following legislation has been enabled - “Bill C-8: Economic and Fiscal Update Implementation Act, 2021”. The CRA hasn’t indicated how long it would likely take for it to be passed.
Clients who are filing with this credit have 2 options:
1) We can file your tax return with the credit in place, however, the Canada Revenue Agency will put your return on hold until Bill C-8 has passed.
2) We can file your Tax Return without applying the credit, and once the Bill C-8 passes, we can help you with filing an adjustment at that time for the credit.