Jul 10, 2020 | Personal Taxes
If you’ve been working from home since mid-March, you may be wondering if there are expenses you can claim on your taxes that you weren’t able to claim before. We are fielding a number of inquiries about this and the short answer is unfortunately no. The longer answer...
Jun 17, 2020 | Corporate Taxes, News, Personal Taxes, Small Business
Last month we offered a breakdown of the various government programs that are available for both individuals and small businesses, but we do have several updates as things are changing so quickly. Update #1: Canada Emergency Business Account (CEBA) eligibility CEBA is...
Apr 3, 2020 | Corporate Taxes, HST, Personal Taxes, Small Business
Collecting and remitting HST isn’t always straightforward. Not all businesses need to charge HST and there are several ways you can remit it. Does my business need to charge HST? If you provide taxable supplies, goods and services, yes. This includes retailers,...
Mar 17, 2020 | Corporate Taxes, International Tax, News, Personal Taxes, Small Business
With the current crisis and information from various sources, including yesterday’s announcement from Prime Minister Justin Trudeau, we are taking further steps to minimize the risk to our team. I’ve provided below a brief and more detailed update on the situation,...
Mar 2, 2020 | Personal Taxes
Did you know that the Canada Revenue Agency and the province have different definitions of what constitutes a common-law relationship? The CRA considers you common-law if you have been living together for over a year. (If you have a child together, you are considered...
Jan 24, 2020 | Personal Taxes, Small Business
The gig economy is alive and well in Toronto. Whether it’s driving for a rideshare company, delivering food or renting out all or part of your home on Airbnb, according to a Toronto Star article, 1 out of 10 Toronto workers is part of the gig economy, which means...
