Survey says A recent study by CPA Canada revealed that one in three Canadians are concerned about the impact of COVID-19 on their personal finances, with 21% revealing they plan to retire later due to the pandemic. A separate survey by Ryerson University and the National Institute for Aging (NIA) discovered that 91% of Canadians […]
Read MoreAre you ready to file? It is already that time of year again to get ready to prepare and file your 2020 tax return. 2020 was a year unlike any in recent memory, and the global COVID-19 pandemic lead to the Canadian government providing relief like we have never seen before. While, like any other […]
Read MoreA lot of firsts in 2020 2020 was a truly unusual year in a variety of ways, including from a tax perspective. The year came with many new acronyms, such as TWS (Temporary Wage Subsidy), CEBA (Canada Emergency Business Account), CECR (Canada Emergency Commercial Rent Assistance) and CEWS (Canada Emergency Wage Subsidy), just to name […]
Read MoreThe world as we know has and continued to rapidly change because of COVID-19 and the ongoing political developments such as the elections in the United States (US), the United Kingdom’s (UK) impending exit from the European Union (BREXIT), trade wars between economic superpowers, and climate change, among other global emergencies. COVID-19 being the most […]
Read MoreCEBA – Forgivable Loan If you are a small business owner you are likely aware of the Canadian Emergency Business Account (CEBA) and may have received a loan under this program. This loan program is facilitated by Canadian lending institutions under which an interest-free loan of up to $40,000 is made to a qualifying small […]
Read MoreIn light of Covid-19, many employees have had to work from home for a large portion of the 2020 calendar year. Therefore, there is the possibility for employees to claim a home office deduction in calculating their 2020 personal taxes. Ordinarily, if an employee maintains an office in their home, the employee could deduct certain […]
Read MoreCOVID-19 has influenced all businesses, changing the very landscape of how we interact on a professional and personal level. In many cases, small businesses have borne the brunt of these changes. The Canadian Federation of Independent Business estimates that a total of $117 billion of new debt has been loaded onto small businesses as a […]
Read MoreKeeping all staff members employed is one of the biggest preoccupations for companies these days. The combination of labor shortages and COVID-19 makes it clear that we can’t afford to lose our valuable teams. Here are a few reminders of best practices you can implement to keep your colleagues on the job. FOR TEAMS WORKING […]
Read MoreExtra 8 weeks available – CERB extended from 16 weeks to 24 weeks for workers who: stopped working due to COVID-19 or are eligible for Employment Insurance regular or sickness benefits or have exhausted their Employment Insurance regular benefits or Employment Insurance fishing benefits between December 29, 2019 and October 3, 2020. For more information, visit […]
Read MoreThe COVID-19 pandemic has resulted in unprecedented demands on the Canadian health system, along with strains on our economy and our personal financial situations. The federal government has announced several programs offering targeted support for individuals, businesses and other organizations. These programs have been updated and amended throughout the past two months; here is the […]
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