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 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
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