Our Financial Blog

Focus LLP News and Tax Tips

Designated beneficiaries of registered retirement accounts

Designated beneficiaries of registered retirement accounts (RRSP, RRIF, TFSA.) As the saying goes, the only guarantees in life are death and taxes, and unfortunately there are tax issues to deal with upon the death of an individual.  If you have registered retirement...

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2021 CRA Vehicle Allowance Rates

2021 CRA Vehicle Allowance Rates 2021 has been a very challenging year and as we get close to the end of 2021 you may be preparing to file your corporate tax returns.  If you reimburse yourself or your employees for business use of a personal vehicle the CRA vehicle...

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CRA or Scammer: Who is it?

CRA or Scammer: Who is it? Most, if not all of us, have received a call from someone claiming to be from the Canada Revenue Agency (CRA). They may threaten arrest or other such actions if a tax bill is not immediately paid via iTunes or Bitcoin, for example. While...

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Canada Recovery Hiring Program (CRHP)

Canada Recovery Hiring Program (CRHP) details available. Hello everyone, As if COVID hasn't given us enough to worry about, here's another acronym! The Canada Recovery Hiring Program (CRHP) is very similar to the current Canada Emergency Wage Subsidy (CEWS) program,...

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