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...

2020 CRA Vehicle Allowance Rates

Nov 3, 2020

2020 CRA Vehicle Allowance Rates! 2020 has been a very challenging year and as we get close to the end of 2020 you may be preparing to file your corporate tax returns.  If you reimburse yourself or your employees for business use of a personal vehicle personal vehicle...
New Federal COVID Support Programs

New Federal COVID Support Programs

Oct 31, 2020

Hello everyone, in this article learn more about the New Federal COVID Support Programs. The Department of Finance has recently released the introduction of a new Canada Emergency Rent Subsidy (CERS) and extensions to the existing Canada Emergency Wage Subsidy (CEWS)...
2019 3rd Quarter Tax Tips and Traps

2019 3rd Quarter Tax Tips and Traps

Aug 15, 2019

2019 3rd Quarter Tax Tips and Traps 2019 3rd Quarter Tax Tips and Traps, this edition of Tax Tips and Traps includes information special work site allowances, reimbursement for work clothing, tax incentives for zero-emission vehicles, the disability tax credit,...

Budget 2018: GST and Other Tax Changes

Mar 14, 2018

On February 27, 2018 the Honourable Bill Morneau, Minister of Finance, presented the 2018 Federal Budget, Equality + Growth: A Strong Middle Class, to the House of Commons. The Government’s fiscal position includes a projected deficit in 2017-2018 of $19.4 billion,...