B.C. Tax Incentives 1. Increased Employment incentive is a one-time refundable tax credit for employers. The deadline to apply is December 31, 2021. 2. PST rebate on select machinery and equipment is a temporary provincial sales tax (PST) program where corporations may apply to receive an amount equal to the …
If you work from home, which method should you choose? Here is the comparison: Flat rate method verses Detailed method. Description Temporary Flat Rate method Simplified Detailed – for office in home expenses Detailed – for any employment expenses Eligibility Work from home in 2020 due to COVID-19; for …
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 …
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 …
PNC Consulting LLP
Chartered Professional Accountants
Suite 100 - 1037 W. Broadway
Vancouver, BC, V6H 1E3
Tel: 604-732-5762
Fax: 604-248-8688
Email: info@pnccpa.ca
