HOME IN OFFICE DEDUCTION

For thousands of British Columbian still employed during the pandemic, do you wonder what work-in-the-home and related office expenses can be deducted as employment expenses. CRA rules are quite specific (T4044 Employment Expenses), but exceptional times may require special treatment. Your employer needs to complete and sign a declaration confirming …

Continue reading

Canada emergency wage subsidy (Updated)

  3-months 75% wage subsidy for small and medium sized businesses For qualifying businesses whose revenue declined 30+% compared to the same month last year for March/April or May to be for up to 12 weeks, retroactive to March 15, to June 6, 2020 75% of the first $58,700 benefit …

Continue reading