We are excited to announce that all of our writers of the CPA Common Final Exam (CFE) were successful this year. Congratulations to Alex Dundas, Kathleen Red, and Arwen Rodgers for achieving this milestone in their academic and professional careers!   The CFE is the final written exam that a CPA candidate needs to successfully…

The goods and services tax (GST) is a tax that applies to most supplies of goods and services made in Canada. Depending on the province in which you are providing the goods or services, different GST/HST rates can apply. A list of the GST/HST rates by province can be found here.   Who needs to…

  The Minister of Finance, Chrystia Freeland, delivered the 2020 Fiscal Update on Nov. 30th. Highlights of the tax measures announced in the Update are summarized below. The Update did not contain any significant tax changes or increases.   Business Income Tax   CEWS Subsidy Extension The Government will increase the Canada Emergency Wage Subsidy…

    Canada Emergency Rent Subsidy (CERS)   The Federal Government has outlined a new relief program to support tenants and property owners affected by COVID-19 that replaces the Canada Emergency Commercial Rent Assistance program (CECRA). The new rent subsidy, called the Canada Emergency Rent Subsidy (CERS), is proposed to apply from September 27, 2020…

by Shane Schepens Originally published to CPABC’s newsroom. Photo credit: leolintang/iStock/Getty Images   The new school year is well underway, and it’s a year drastically different from previous years. While the way children are being educated will continue to vary depending on COVID-19 measures, the importance of investing in registered education…

CEWS Update As a reminder, the federal government has changed the eligibility criteria for the Canada Emergency Wage Subsidy (CEWS) for July through November (Periods 5 to 9). These changes remove the requirement to have a 30% revenue decline to qualify. Now, any eligible employer that has any percentage of revenue decline can qualify for…