Our Financial Blog
Focus LLP News and Tax Tips
New 2020 T4 reporting requirements
The new 2020 T4 reporting requirements are noteworthy especially as February approaches and some of you may already be starting to prepare your T4 slips for yourself or your employees. For 2020 T4 slips, there are 4 additional codes that are required to be reported....
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...
Canada Emergency Rent Subsidy – Now available
The applications for the Canada Emergency Rent Subsidy are now available online through your CRA My Business Account and we can also submit applications through our Represent a Client access. The CERS website has all of the information on eligibility, claim periods,...
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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