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  Money Dates | Canadian Money Brief What's Paid, Due or Changing This Week Week of Monday, November 16, 2026 Three dates matter this week: a big inflation report on Monday, then two benefit payments on Thursday and Friday. Here is the week, plus what is coming over the next five weeks. This Week: Nov 16 to 22 Date What What to know Mon, Nov 16 8:30 am ET October inflation report (CPI) Statistics Canada's CPI for October. September came in at 3.1%, up from 3.0% in August. The Bank of Canada watches this before its Dec 9 decision. Thu, Nov 19 Canada Disability Benefit Up to $204.20 a month. Paid on the third Thursday of each month. Fri, Nov 20 Canada Child Benefit (CCB) Up to $679.75 a month for each child under 6 and $573.58 for each child aged 6 to 17, for families under the income threshold. Not this week: CPP and OAS (Nov 26). The Groceries and Essentials Benefit, formerly the GST/HST credit, is not paid again until Jan 5, 2027. The Ontario Trillium Benefit was paid Nov 10....

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"CRA Duped Again: Ontario Construction Tax Credit Scam Costs Millions"

 

The Canada Revenue Agency (CRA) has once again fallen victim to a tax credit scam, this time involving Ontario's construction tax credit scheme. According to sources, the CRA mistakenly paid out tens of millions of dollars to scammers who used fake businesses to claim tax credits for non-existent renovations and construction projects.

The scheme, which began in 2020, allowed businesses to claim tax credits for building or renovating commercial facilities. However, the CRA failed to verify the claims, accepting them without review and paying out the credits without proper scrutiny. This oversight has resulted in significant financial losses, with the exact amount still being calculated but estimated to be in the tens of millions.

Minister of National Revenue Marie-Claude Bibeau has defended the CRA's fraud detection systems, calling them "robust," despite the repeated failures. The CRA has declined to comment on how the scam was missed and has not disclosed specific details about their monitoring strategies.

The Ontario finance ministry has stated that the CRA is responsible for administering the tax credits on behalf of the province, including conducting audits. Both the federal and provincial governments are now working together to address non-compliance and implement measures to minimize fraud in the future.

This latest incident raises questions about the effectiveness of the CRA's fraud detection systems and the accountability for the financial losses incurred.



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