Credit unions are a crucial part of Canada's economy. Every year, they put billions into local communities through loans, investments, and community projects. This kind of activity is the foundation of strong local economies. But Ottawa doesn't always understand credit unions and recently they've decided to tax credit unions the same as banks. Canada's credit unions are asking the federal government to announce in budget 2015 a new tax measure that recognizes that credit unions are different. Government ChequesThe Government of Canada is increasing its use of direct deposit for payments made to Canadians and to Canadian businesses. If, for example, you're an individual receiving a child tax benefit, Old Age Security, Employment Insurance, a GST tax credit or a tax refund.
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