Home Accessibility Tax Credit – What is it?
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.
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Business use of Home – Expenses
Pushing the boundaries on claiming home expenses may not get you anywhere with CRA but it may land you in tax court.
Reporting Tips in a Covid World
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.
Can I collect EI if I have started a business?
In a January 10, 2020 Federal Court of Appeal case, the Court conducted a judicial review of the denial of the taxpayer’s EI benefits. Do you know the rules?
Working From Home During Covid
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?
If considering the acceptance of employment that requires significant commuting, consider that the commuting costs likely will not be deductible.
Loans from Family Corporations
Advice should be sought if you currently have, or are considering, personal loans to a shareholder of a corporation, or a family member.
