Last updated Feb. 16, 2021. We will update blog posts when more information is released. Did your business take advantage of federal COVID-19 programs in 2020? If so, questions are likely racing through your mind about the tax implications of receiving benefits from the various programs. What do you need to report as income on … Read more
The Highly Affected Sectors Credit Availability Program (HASCAP) is a new loan program from the federal government. HASCAP provides loans to Canadian businesses hardest-hit by the COVID-19 pandemic. The program is designed for small businesses already receiving the Canada Emergency Wage Subsidy (CEWS) or the Canada Emergency Rent Subsidy (CERS). However, if your business did not qualify for CEWS or … Read more
Are you aware of the CRA obligations you may have if your employee(s) wish to deduct home office expenses for the 2020 tax year? Learn about the temp flat rate method vs detailed.
All youth should have access to mental health support – wherever they live Growing up can be a struggle at the best of times. For too many kids, it’s riddled with moments of feeling anxious, alone, and overwhelmed. Sadly, these moments often happen through the night, when access to help is limited. In fact, according … Read more
Last year was different. The federal government introduced several support programs to help employers cope with the impacts of the pandemic. As a result, the Canada Revenue Agency (CRA) has their work cut out for them when it comes to validating payments for support programs. It doesn’t just affect them – as an employer, you’ll … Read more
Now that we’ve entered a new year, it’s a good time to plan for your annual tax-free savings account (TFSA) contribution. The Canada Revenue Agency (CRA) has announced a new TFSA limit for 2021.
Last updated Feb. 16, 2021. We will update blog posts when more information is released. Did your business take advantage of federal COVID-19 programs in 2020? If so, questions are likely racing through your mind about the tax implications of receiving benefits from the various programs. What do you need to report as income on … Read more
Last updated Dec. 4, 2020. We will update blog posts when more information is released. This week Finance Minister Chrystia Freeland unveiled the federal government’s fall economic update. The government presented a three-year stimulus package, which they say will “provide the fiscal support the Canadian economy needs to operate at its full capacity and to stop … Read more
When the Endako Mine closed at the end of 2014, the Village of Fraser Lake lost its biggest employer. About a year later, the only grocery store in the community closed too. With just a convenience store in town, Fraser Lake residents had to drive almost an hour to the nearest supermarket to stock up … Read more