Blog

Providing Goods and/or Services to an NPO

  • Justyn 
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?

Home Accessibility Tax Credit – What is it?

  • Justyn 
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.

Reporting Tips in a Covid World

  • Justyn 
Tips received by servers and other individuals in the service industry are taxable. However, since tips do not show up on T4 slips, some taxpayers are under the false understanding that they are either not taxable, or only partially taxable. In a Covid world with the subsidies available, you may not qualify if you've been declaring your tips incorrectly.

Working From Home During Covid

  • Justyn 
Given that the COVID-19 pandemic has required many to work from home, many more will likely be eligible due to the fact they are spending more than 50% of their work time at home than in previous years.

Commute to Work?

  • Justyn 
If considering the acceptance of employment that requires significant commuting, consider that the commuting costs likely will not be deductible.