This publication is a high-level summary of the most recent tax developments applicable to business owners, investors and high net worth individuals. Read the newsletter for a list of tax planning considerations.
It’s no secret that technological development is fueling the growth of the corporate world. As a business owner, you already have a lot on your plate, and it can become a nightmare for you to track every expense and revenue. So, what do you do to improve your financial performance? We recommend using cloud-based accounting as it…
Changes to CRB amounts and eligibility period limits: apply for a total of 25 periods & Payment amounts will change to $600 ($540 after taxes withheld).
If you are eligible for the Canada Recovery Benefit (CRB), you can receive $1,000 ($900 after taxes withheld) for a 2-week period.
Canada Recovery Caregiving Benefit (CRCB): $500/ week, up to 26 weeks
This funding is intended to provide parents and guardians with essential financial support for children and youth during these unprecedented times.
Parents and guardians will receive a one-time payment of $200 for each child up to grade 12, or $250 for each child or youth up to age 21 with special needs.
Did you know…
Certain expenditures made by individuals by December 31, 2020 will be eligible for 2020 tax deductions or credits including:
This funding is intended to provide parents and guardians with essential financial support for children and youth during these unprecedented times.
Parents and guardians will receive a one-time payment of $200 for each child up to grade 12, or $250 for each child or youth up to age 21 with special needs.
Did you know…When you’re divorced or separated, if in the four year period,
