Employee Gifts and Parking: Updated CRA Policies. CRA updated several administrative policies in respect of employment benefits, effective January 1, 2022. Two of the key changes relate to employee gifts and parking. These updates were released in late 2022. Gifts,...
2023 CRA Vehicle Allowance Rates, If you reimburse yourself or your employees for business use of a personal vehicle the CRA vehicle allowance rates for 2023 have increased by $0.07 per km. The rates for 2023 are 68 cents per kilometer for the first 5,000 kilometres...
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...
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,...
Happy New Year! Although there are probably more exciting things to celebrate for New Years, one item we anticipate each year are the rates posted by the Department of Finance for the allowable automobile allowance rates. These rates are the tax-exempt allowances that...
From Focus LLP, CPA, your Calgary Tax Accountants, in collaboration with Video Tax News Inc., we have provided a summary of some of the recent proposed tax changes and updates in the following blogs: Tax for private Corporations: Major changes proposed Voluntary...
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