Our Financial Blog
Focus LLP News and Tax Tips
The FOCUS LLP Difference
What makes Focus LLP different from our competitors and why should you consider using us. What is the Focus LLP difference? We Are Accounting Professionals and we are committed to providing close, personal attention to all our clients. We take pride in giving you the...
2021 Tax Planning Tips
2021 Tax Planning Tips for the 2021 personal tax preparation season. See below for a list of tax planning considerations. Please contact us for further details or to discuss whether these may apply to your tax situation. 1) Certain expenditures made by individuals...
2022 Vehicle Allowance Rates
2022 CRA Vehicle Allowance Rates 2021 was a very challenging year and we hope that 2022 will be much better. If you reimburse yourself or your employees for business use of a personal vehicle the CRA vehicle allowance rates for 2022 have increased by $0.02 per km. The...
Employee Taxable Benefits
Employee taxable benefits are to be calculated and included in your employee's income on their T4 slips each year. With the calendar year coming to a close, it is a good time to evaluate if you have any taxable benefits to report for your employees. The most common...
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