Employee Gifts and Parking: Updated CRA Policies
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,...
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...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...New Standard for Compilation Engagements
New Standard for Compilation Engagements (CSRS 4200) For the majority of our corporate clients, we perform a compilation engagement to prepare financial statements and a corporate tax return. You may be familiar with a compilation engagement being referred to by the...