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...

  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...