Taxes

Wage Subsidy…This is how it works

Yes, this is another long blog post. If you’re planning a claim, we suggest you print this off and work through it by section. And yes, it’s complicated. (If you think this is bad, try reading the actual legislation at Bill C-14 431 A second Act respecting...

Latest Tweaks

The government has made more tweaks this week that are worth bringing to your attention. 1.Broadening eligibility for CERB (Canada Emergency Response Benefit) The government has broadened the criteria. Previously, you had to declare NO income from (self-)employment...

The Best & Worst of Times…

Given the events of the last week and how COVID-19 is affecting the world I wanted to put out some thoughts about how to manage your business through these unsettling times. I’ve broken this down into 3 sections… The big picture Key questions for...

Taking the trauma out of the tax return

Yes, it’s that time of year again…cue music – “It’s the most wonderful time of the year” I’ve said it before and I’ll say it again: Nobody enjoys doing their taxes. Although, personally, I like one thing about this time of year: I...

Would You Like Your Receipt?

We get them all the time, they end up in our car, our purse, our pocket, crumpled in a ball with coffee spilled on them, piled in a tray on your desk and used as scrap paper. It’s not until you get an audit from CRA that you really take notice of what...