CRA or Scammer: Who is it?

Sep 16, 2021

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...
Canada Recovery Hiring Program (CRHP)

Canada Recovery Hiring Program (CRHP)

Jul 22, 2021

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...

New 2020 T4 reporting requirements

Jan 29, 2021

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....

Deducting personal expenses in a business

Nov 18, 2020

Beware of deducting personal expenses in a business, the cost could be very high. In July a 23, 2020 Tax Court of Canada case, at issue were a number of expenses claimed by the taxpayers (a corporation and its sole individual shareholder) in respect of the business of...

Canada Pension Plan Enhancement – How will it impact you?

Jan 3, 2019

Canada Pension Plan Enhancement – How will it impact you? As a business owner or self-employed individual, the new Canada Pension Plan Enhancement that starts to be phased in in 2019 will have some impact on you, both in the costs you pay now and the benefits...