2021 CRA Vehicle Allowance Rates

2021 CRA Vehicle Allowance Rates 2021 has been a very challenging year and as we get close to the end of 2021 you may be preparing to file your corporate tax returns.  If you reimburse yourself or your employees for business use of a personal vehicle the CRA vehicle...
Canada Recovery Hiring Program (CRHP)

Canada Recovery Hiring Program (CRHP)

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

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...

CPP: When to apply?

A very common question that we receive is, “When should I apply for CPP?” Of course, the answer is, “That depends!” While the normal age to begin receiving regular CPP is 65, individuals can apply to start receiving their CPP earlier at a cost,...