Fraudulent CERB Claims
In a recent conversation with another accountant, we came across a troubling situation that all taxpayers should be aware of. In August 2020, CRA was the…
Categories
Wealth Planning: Work from Home Expenses
With the transition to working from home as a result of the COVID-19 pandemic, many questions have come up regarding eligibility for home office deductions that…
Wealth Planning: Medical Expenses
Out-of-pocket medical expenses can be claimed as a non-refundable tax credit on your personal tax return, which is used to reduce the total tax payable. Non-refundable…
New COVID-19 Loan Guarantees
Updated 06.02.2021 On January 26, 2021, Finance announced the launch of the Highly Affected Sectors Credit Availability Program or HASCAP. As first outlined in the 2020…
Health & Wealth
As many of us know, financial stress can impact many areas of our lives. According to the latest chapter of the Financial Stress Index, by FP…
Snowbirds: Insurance Amid COVID
In March, when the virus began its global spread and Canada advised against non-essential travel abroad, travel insurance providers stopped selling COVID-19 medical coverage. Now, several…
CEWS Claim Deadlines
If you missed the deadline for a claim period, you may now ask the CRA to review your late request to apply for the subsidy (or…