Since the beginning of the pandemic, many workforces have shifted from working in an office setting to having employees creating an office at home. This has forced many employees to purchase new furniture and office supplies to continue their job. The question is, can you write off these new expenses on your next tax return?
The Canada Emergency Response Benefit (CERB) program officially ended on September 27, 2020 and the government is transitioning back to Employment Insurance (EI) for those still in need. For those that don’t qualify for EI, there are new recovery benefits that have been announced that you may be able to benefit from. These new programs
The Canada Revenue Agency (CRA) has once again made changes to the deadlines for both personal and corporate taxes due to the ongoing pandemic. The CRA is extending the payment due date for 2019 individual tax returns and 2019 or 2020 corporation, or trust returns, as well as installment payments, from September 1, 2020, to
The Canada Emergency Wage Subsidy (CEWS) is a wage subsidy program offered by the Federal government to employers. The main purpose of CEWS is to help employers keep their employees on payroll during the pandemic so they do not have to rely on Employment Insurance. When CEWS originally started back in March, not all businesses
With millions of Canadians working from home as a result of the COVID-19 pandemic, many people had to purchase new computer equipment, desks and other supplies to help facilitate working from home. If you are an employee spending money to outfit a home office, the big question is what – if any expenses – will
Many Canadians have been out of work due to the pandemic. Thankfully, many people are currently receiving the Canada Emergency Response Benefit (CERB) from the government to get through these rough times. With businesses slowly beginning to reopen and people beginning to return to work, the real question is “am I still eligible for
The COVID-19 pandemic has had a significant impact on businesses, workers and communities across the country. We have put together a list of different subsidies, grants and loans available to help out those businesses who are in need during these trying times. *Please note that this information is current as of May 25. 2020.
With the current financial climate due to the COVID-19 pandemic, the Canada Revenue Agency (CRA) has made some changes to the deadlines of both personal and corporate taxes. If you want to avoid late fees, you need to know when your return and any payments are now due. Here is a list of some important
Tax Season is here! The Canada Revenue Agency (CRA) sets strict filing deadlines and expects to receive income tax returns and payments on time. To avoid any late fees, you need to know when your return and payments are due. Here is a list of some important deadlines you will not want to miss otherwise
Tax season is here and it can be a stressful time for some. The Canada Revenue Agency (CRA) sets strict filing deadlines and expects to receive your income tax returns and payments on time. If you want to avoid late fees, you need to know when your return and any payments are due. Here is