On November 25, 2021, Chrystia Freeland, Deputy Prime Minister and Minister of Finance, introduced Bill C-2 in Parliament to implement the recently announced measures. This bill would: Extend the Canada Recovery Hiring Program until May 7, 2022, for eligible employers with current revenue losses above...

  The Deputy Prime Minister and Minister of Finance, Chrystia Freeland, delivered the 2021 Fiscal Update on Dec. 14, 2021. The Update did not contain any significant tax changes or increases. See below for a summary:   Business Income Tax   Canada Emergency Business Account (CEBA) The Government announced that...

  The provincial government has announced the following tax incentive and rebate programs:   BC Increased Employment Incentive   The Government of BC had previously announced a one-time tax credit of 15% for employers that increased their total eligible remuneration for eligible employees. This applies where the payroll increased in...

By Shane Schepens Originally published by CPABC’s newsroom.   [caption id="attachment_21138" align="alignnone" width="800"] Photo credit: alfexe/iStock/Getty Images Plus[/caption]   The 2020 tax year will be very different for many Canadians who have to file their personal income taxes. That’s because many of the federal government’s emergency benefits in response to...

As a result of the various COVID benefits (CEWS, CERB, and CESB) offered from the Government of Canada, the CRA has introduced additional reporting requirements on T4 slips to assist them in auditing the eligibility of individuals that applied for these programs. All employers, regardless...

As a result of COVID-19, many employees were required to work from home during a portion of 2020. The federal government had announced in the Fall Economic Update in late November that a new simplified method to claim home office expenses would be announced.   The Canada...

  As you have heard, the government has rolled out many subsidies and grants to help businesses endure the COVID-19 pandemic.   We wanted to reach out to you specifically about the Canada Emergency Wage Subsidy (CEWS). This is the subsidy for salaries and wages and it could...