Find details on the latest COVID-19 supports available for businesses and individuals here.

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The CRA has launched an updated and improved Canada Emergency Wage Subsidy (CEWS) online calculator. It will help small and large employers alike prepare to apply for the next period of the CEWS program, which will open for applications on August 17, 2020.

From @MoneySense: strategies for helping children financially, at every age and stage.

CERB recipients need to be aware that the CERB is a taxable benefit and is considered ordinary income. Here's how to plan ahead and proactively prepare for the upcoming tax season:

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Plan ahead to pay tax on the CERB

by Shane Schepens Originally published by CPABC’s Industry Update.   BrianAJackson/iStock/Getty Images Plus   To date, approximately 1,100,000 people in BC have applied for the Canada Emergency Response Benefit (CERB), while over 8,245,000 people have applied for it nationally. Originally intended to last sixteen weeks, the CERB has been extended as…

3 min read

Our Surrey office is moving a little further south…

Clearline CPA is relocating its Surrey office a little further south.  On July 2, 2020, our office in Surrey will be relocated from its current City Center 1 location to Unit 209 – 5577 153A Street in Surrey which is near where BC Highway 10 intersects 152 Street.   As part of our continuing efforts…

1 min read

Donation of Life Insurance

In 2019, the BC Financial Services Authority (BCFSA, formerly FICOM) published a position that accepting life insurance policies as a donation was not permitted under the Insurance Act. We had advised at that time that charitable organizations should be aware and consider internal policies as to whether or not donations of insurance policies would be…

1 min read

Estate Freeze: Will You Ever Find a Better Time?

Over the past few months, the entire world’s economy has changed drastically. Millions of businesses have closed or had significantly reduced revenues. Millions of employees have been laid off and are currently accessing government benefits. Stock markets have decreased drastically.   Depending on who you listen to, many people feel the economy will pick up…

5 min read

Small Businesses, This Crisis is Telling You That It Is Time to Modernize Your Processes

One of the silver linings, if there is such a thing, of this crisis for Clearline has been a realization of how ready we were as a firm for such a crisis. We have invested heavily in IT infrastructure over the last few years, especially when compared to other CPA firms. Our IT readiness included…

2 min read

Clearline CPA’s COVID-19 Resources

First and foremost we want to wish everyone well. We hope that you and your loved ones are safe and coping through this difficult time. The last few months have been very difficult for small businesses such as Clearline and for our clients. As BC has started its efforts to reopen businesses, we hope the…

2 min read