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CRA simplifies deducting home office expenses

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Last updated: Oct. 8, 2021 
Millions of Canadians transitioned to working from home in 2020. Many found themselves cranking up the heat in a drafty house, or using their personal cellphone to make work calls, or picking up supplies for the basement/kitchen table/closet that now functions as their office. To help offset these costs, they are eligible to deduct home office expenses on their 2020 personal tax returns.    That might … Read more

Highly Affected Sectors Credit Availability Program  

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Last updated: Oct. 8, 2021 
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 … Read more

2021 Business Tax Filing Deadlines [Infographic]

Last updated: Oct. 8, 2021 
Last year was different. The federal government extended the business tax filing and payment deadlines. It doesn’t look like the CRA will extend the business tax filing deadlines again this year. In fact, they’re urging you to file earlier than usual. Especially if you signed up for any COVID-19 programs for your … Read more

The Latest COVID-19 Updates For Your Business

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Last updated: Oct. 8, 2021 
Good news from Ottawa: the government will provide interest relief for people who accessed COVID-19 programs last year. Anything to make your life a little less taxing right now is a win. We’ve summarized the news below and other recent COVID-19-related updates that could help you and your business. For up-to-date … Read more

New Brunswick Budget Report 2021

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Last updated: Oct. 8, 2021 
Last week New Brunswick Finance Minister Ernie Steeves presented the province’s fiscal 2021–22 budget. We’re not seeing any surprises in this budget. Like other provinces, the New Brunswick government is increasing spending on COVID-19 measures. Steeves predicts a projected deficit of $244.8 million for 2021-2022 to “to address the pressures that … Read more

Ontario Budget Report 2021

Last updated: Oct. 8, 2021 
Last week Ontario Finance Minister Peter Bethlenfalvy presented the province’s fiscal 2021–22 budget. The Ontario budget falls in line with what we’re seeing from other provincial budgets: more spending on health care, but otherwise a relatively quiet budget from a tax perspective. We’re happy to report the personal tax rate and … Read more

Nova Scotia Budget Report 2021

Last updated: Oct. 8, 2021 
On March 25, 2021, Nova Scotia Finance Minister Labi Kousoulis presented the province’s fiscal 2021-22 budget. No surprises here – Nova Scotia is spending more on health care like other provinces. On the business side, they announced property tax relief for small business owners and the extension of the Equity Tax … Read more

Saskatchewan Budget Report 2021

Last updated: Oct. 8, 2021 
On April 6, 2021, Saskatchewan Finance Minister Donna Harpauer presented the province’s fiscal 2021-22 budget. We’re seeing exactly what we expected in this budget – an increase in health care spending to fight the pandemic. The province is also putting more money towards education, social services, child care and capital projects. … Read more

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