The Internal Revenue Service (IRS) has extended the deadline to file Individual income tax returns for 2020 in the U.S. The new deadline is now …
2020 U.S. Individual Income Tax Returns – Deadline extended by IRS Read More »
Tax season is in full swing! Millions of Canadians and Residents are looking to file their taxes. Traditionally, taxpayers with simple tax situations tend to …
Many businesses in Canada have taken advantage of Canada Emergency Business Account (CEBA). The initial program offered $40,000 with 1/4 i.e. $10,000 is forgivable if …
A lot of people have claimed CERB for the full 28 weeks period, totalling up to $14,000. Canada Revenue Agency (CRA) has issued letters to …
2019 Income Tax return Adjustments for CERB Eligibility Read More »
Canada Emergency Business Account (aka CEBA) has been the most talked-about government support program for small businesses. Since its launch, it has helped many small …
Canada Emergency Rent Subsidy (CERS) applications are open now. CERS provides much-needed support to Canadian businesses struggling with rent payments during the pandemic. If you …
Canada Emergency Rent Subsidy (CERS) – Applications opened Read More »
Canadians in the U.S. must file U.S. tax return if they meet Substantial presence test. What’s the exception due to Covid-19
Canada Emergency Wage Subsidy (CEWS) has been providing significant support to Canadian jobs by covering 75% of employee’s wages (sometimes up to 85%, see new …
The Canada Revenue Agency (CRA) has introduced additional reporting requirements for T4 Information returns of 2020. The purpose of these additional requirements is to validate …
NOTE: the Government is proposing to extend the CEWS further until June 2021. Canada Emergency Wage Subsidy (CEWS) has undergone major changes in July 2020. …
Canada Emergency Wage Subsidy – New Rules – July 5 Onwards Read More »
