CEMAC zone: recession could reach 6% according to BEAC

All the indicators are certainly not red. But most of the economic indicators in the six countries of the Economic and Monetary Community of Central Africa (CEMAC) are already found the Monetary Policy Committee (CPM) of the Bank of Central African States (BEAC) at the end of the second annual session on June 24, 2020 in Yaoundé.

Analyzing the situation in Central Africa, it emerges that in the short and medium terms, the CEMAC zone is affected by the health crisis and the fall in the prices of the main export products. "

"In the first half of 2020, the revival of productive activities was slowed down in the sub-region by the disruption of supply circuits for imported products as well as by the restrictive measures adopted by the various governments to contain the effects of the pandemic. Although it is premature for the moment to fully grasp the impact of COVID-19 on national economies, it is already anticipated during this first semester a drop in production as well as a det…

Become a caregiver, more than a support | Canada

With the shortage of nursing staff in long-term care accommodation (CHSLD), caregivers are an invaluable resource for seniors who depend on others for their personal needs and care. If you want to help a loved one, there are certain tax measures that you could benefit from. The amounts indicated apply to 2020.
Become a caregiver, more than a support

You can claim the Canada caregiver credit for your spouse, minor child or eligible loved one who is dependent on you during the year due to mental or physical impairment. An eligible relative can be a parent, grandparent, brother, sister, uncle, aunt, nephew, niece, adult child or grandchild. The person receiving care does not need to be eligible for the disability tax credit and you do not have to live together.

The maximum amount is $ 7,276 for an individual in respect of his spouse and an eligible relative whose net income is less than $ 17,085. The amount is gradually reduced to zero when net income reaches $ 24,361. When the person assisted is the minor child of the individual (or his spouse), the amount is $ 2,273.

In addition, a caregiver who requests the amount for a spouse or common-law partner (or the amount for an eligible dependent, in the absence of a spouse) is then entitled to an additional amount of up to $ 2,273.

Conversely, if your spouse had an income of $ 20,000, you would not be entitled to the spouse or common-law partner amount. However, the Canada caregiver amount would be $ 4,361, or $ 7,276 minus $ 2,915 ($ 20,000 - $ 17,085). In this case, the tax credit would be $ 546, or $ 4,361 multiplied by 12.525%.

Finally, caregivers of a loved one aged 70 or older who does not have a severe or prolonged impairment will be entitled to the basic universal amount of $ 1,250, without additional amount. It can be the parents, grandparents, uncles, aunts, great-uncles and grand-aunts of the caregiver (including those of their spouse), but not their spouse.

Under this same tax credit, family caregivers who have paid respite fees that qualify as specialized respite services for an eligible assisted person will be reimbursed 30% of the total bill, up to '' up to $ 5,200. This amount cannot be reduced based on income.