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The 2021 Federal Budget introduced the new CRHP which would provide eligible employers with a subsidy of up to 50% of the incremental remuneration paid to eligible employees in respect of June 6, 2021 to November 20, 2021. The higher of the Canada Emergency Wage Subsidy (CEWS) or CRHP may be claimed for a particular qualifying period, but not both.
An immediate full write-off of many capital assets may provide an incentive to acquire capital assets. Do you qualify?
The CRA has made the home office expenses deduction available to more Canadians, and simplified the way employees can claim these expenses on their personal income tax return for the 2020 tax year. Ask us how.
COVID Financing – Recent changes and updates may qualify you or your business for more funding/relief. Find out what active subsidies and relief is available.
While the normal age to begin receiving regular CPP is 65, individuals can apply to start receiving earlier at a cost, or later for a greater benefit: • If the individual starts before age 65, payments will decrease by 0.6% each month (or by 7.2% per year), up to a
Where the supplier is providing goods or services to an NPO in exchange for advertising and/or promotional services, a barter transaction may have occurred. Are you familiar with the barter system and it’s tax implications?
How do you know when the sale of a house becomes taxable? Read more to find out if your sale may be deemed taxable.
When applying for the home accessibility tax credit (HATC), valued at 15% of up to $10,000 in expenditures per year, does it matter if the renovation increases the value of my home? Yes, and No.
Pushing the boundaries on claiming home expenses may not get you anywhere with CRA but it may land you in tax court.