Covid 19 Benefit Update 072021 – CRB
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).
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Expenditures for Personal Tax Deductions/ Credits
Did you know…
Certain expenditures made by individuals by December 31, 2020 will be eligible for 2020 tax deductions or credits including:
First Time Home Buyer vs Marital Status
Did you know…When you’re divorced or separated, if in the four year period,
CERB 2020 Tax Tips
Did you know… There is only one month left for some year-end tax planning.
Cottage Rentals
Did you know…If you rent out your cottage on a partial basis. You might be able to partially deduct certain costs.
EI Update Due to COVID-19
Did you know… If you become eligible for EI benefits on or after September 27, 2020
Personal Real Estate Corporations (PREC): Intro
Did you know… As of October 1, 2020, Personal Real Estate Corporations (PREC) has been permitted in Ontario.
Individual Ontario real estate agents will now be able to incorporate their business.
Canada Recovery Caregiver Benefit (CRCB)
The government of Canada will introduce the Canada Recovery Caregiver Benefit (CRCB) effective from September 27, 2020 for one year.
Canada Recovery Sickness Benefit
The government of Canada will introduce the Canada Recovery Sickness Benefit (CRSB) effective from September 27, 2020 for one year.
Buying a Business
There are a few ways accountants can help when you’re purchasing a business.
