Our Financial Blog

Focus LLP News and Tax Tips

Home Office Expenses for Employees

If you have been forced, or have chosen, to work from home due to the COVID-19 pandemic, then CRA's release of details on the new rules for claiming home office expenses for employees on your 2020 personal taxes may be of interest. (CLICK HERE for details on the CRA...

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CPP: When to apply?

A very common question that we receive is, "When should I apply for CPP?" Of course, the answer is, "That depends!" While the normal age to begin receiving regular CPP is 65, individuals can apply to start receiving their CPP earlier at a cost, or later for a greater...

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Deducting personal expenses in a business

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...

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