Deducting personal expenses in a business

Nov 18, 2020

Beware of deducting personal expenses in a business, the cost could be very high. In July a 23, 2020 Tax Court of Canada case, at issue were a number of expenses claimed by the taxpayers (a corporation and its sole individual shareholder) in respect of the business of...

2020 CRA Vehicle Allowance Rates

Nov 3, 2020

2020 CRA Vehicle Allowance Rates! 2020 has been a very challenging year and as we get close to the end of 2020 you may be preparing to file your corporate tax returns.  If you reimburse yourself or your employees for business use of a personal vehicle personal vehicle...
New Federal COVID Support Programs

New Federal COVID Support Programs

Oct 31, 2020

Hello everyone, in this article learn more about the New Federal COVID Support Programs. The Department of Finance has recently released the introduction of a new Canada Emergency Rent Subsidy (CERS) and extensions to the existing Canada Emergency Wage Subsidy (CEWS)...
Focus LLP is moving

Focus LLP is moving

Mar 12, 2019

  We have exciting news, Focus LLP is moving on Thursday March 14, 2019. SOUTHLAND PARK II           Timing Focus LLP’ office will close Thursday, March 14, 2019 at 3:00 pm to commence the office relocation.  We will resume regular...
Tax free inter-corporate dividends at risk

Tax free inter-corporate dividends at risk

Sep 30, 2015

Tax free inter-corporate dividends at riskProposed changes to Section 55 of the Income Tax Act presented in the April 21, 2015 Federal budget are causing serious concern in the tax community with respect to inter-corporate dividends.The proposed changes to Section 55...