Tax Planning Update – RRSP/TFSA

In order to assist you with your 2020 and 2021 tax planning, we are pleased to provide you with the following information in connection with Registered Retirement Savings Plans (RRSP) and Tax-Free Savings Accounts (TFSA) as follows: RRSP The maximum contribution limit...

Preparing your 2020 T4 Information Returns

In order to facilitate the accurate preparation of your 2020 T4 information returns, we are pleased to enclose a summary of certain taxable benefits that may apply to your employees, including new information for 2020 filings. For further information, please click...

CEWS/CERS Filing Deadlines: COVID-19 Update

The Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS) applications are due on or before the later of: January 31, 2021; and180 days after the qualifying period. This means that the CEWS claim periods 1 through 5 are due to be filed on or...

Ontario Small Business Support Grant

The Ontario government continues to provide a variety of supports to employers facing challenges as a result of COVID-19. The government will now be providing even more support to small businesses that are required to close or severely restrict their operations due to...

Claiming Home Office Expenses – COVID-19

This year has been filled with unprecedented challenges due to the COVID-19 pandemic. Many Canadians unexpectedly had to work from home which resulted in millions of Canadians setting up their work space in their kitchens, bedrooms and living rooms. In response, the...

2020 Federal Fall Economic Statement Highlights

On November 30, 2020, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released Supporting Canadians and Fighting COVID-19: Fall Economic Statement 2020. The economic statement does not change personal or corporate income tax rates, but...