COVID 19 – Work From Home
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.
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COVID Financing
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.
CPP – When to Apply
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… Read MoreCPP – When to Apply »
Providing Goods and/or Services to an NPO
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?
Selling a home: Taxable or Not?
How do you know when the sale of a house becomes taxable? Read more to find out if your sale may be deemed taxable.
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.
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.