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...

2020 CRA Vehicle Allowance Rates

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...
2019 3rd Quarter Tax Tips and Traps

2019 3rd Quarter Tax Tips and Traps

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,...