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How Will I Get my Notice of Assessment?

How Will I Get my Notice of Assessment?
February 17, 2021

There are four options to receive your Notice of Assessment (NOA) from the Canada Revenue Agency (CRA):

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Have you distributed T4 slips to your employees yet?

Have you distributed T4 slips to your employees yet?
February 8, 2021

The deadline to give employees their T4 slips is February 28, 2021 (or the next business day as this falls on a Sunday.) The failure to distribute T4 slips on time is $25/day for each failure with a minimum penalty of $100 and a maximum of $2500.

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Canadian and U.S. Personal Income Tax Filing Deadlines 2021

Canadian and U.S. Personal Income Tax Filing Deadlines 2021

After a year like no other, it’s hard to believe that tax season is here again. There is yet to be an announcement about extended filing deadlines in 2021, so our team is moving forward with filing as usual. That means – tax deadlines are quickly approaching! If we hear about any changes, we will update you right away!

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Working from Home and the CRA

Working from Home and the CRA
December 16, 2020

Canada Revenue Agency Allows Simplified Tax Claims for Employees Working From Home Are you working from home and have home office expenses piling up?

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The Fine Print of the CEBA

The Fine Print of the CEBA

At this point in 2020, it is likely that most businesses have either heard of the CEBA benefit, taken advantage of it or are in the process of completing their applications.

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Reporting for the Temporary Wage Subsidy

Reporting for the Temporary Wage Subsidy
October 15, 2020
| Taxes

The Temporary Wage Subsidy (TWS) was a 3-month program that allowed eligible employers to reduce their source deduction payments to CRA.  It was based on remuneration paid from March 18 to June 19, 2020.  There was a maximum of $1,375 per eligible employee and a maximum of $25,000 per employer.

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Filing Personal Taxes in 2020

Filing Personal Taxes in 2020
June 22, 2020
| Taxes

With the tax filing deadline having come and gone, what do you need to know before September 1st, when all tax balances are due?

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Employers Guide to COVID-19

Employers Guide to COVID-19

Like all of you, we’ve been monitoring the evolving global impact of the novel coronavirus (COVID-19). As employers, our number one priority has always been and remains the health and safety of our people.  We would like to share best practices on how you, as an employer, can uphold that commitment.  We hope that this plan adds to the health and well being of you and your employees during this time.

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Department of Finance Announcements re COVID-19

Department of Finance Announcements re COVID-19
March 30, 2020

Canada’s COVID-19 Economic Response Plan is being updated frequently. For the most up to date information follow this link:  https://www.canada.ca/en/department-finance/economic-response-plan.html

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First-time Home Buyer? Take Advantage of These Opportunities and Tax Incentives!

First-time Home Buyer? Take Advantage of These Opportunities and Tax Incentives!

You’ve done it. After years of hard work, saving and making smart investments, you can finally afford to purchase your first home. Now what?  

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