https://hfin.ca/wp-content/uploads/2021/02/Self-employed.png281500Heuchert Financialhttps://hfin.ca/wp-content/uploads/2020/05/heuchertLogo.pngHeuchert Financial2021-02-12 16:28:222021-02-12 17:52:05Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipients
For the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400.
https://hfin.ca/wp-content/uploads/2020/12/Up-to-400-for-home-office-expenses-1.png5631000Heuchert Financialhttps://hfin.ca/wp-content/uploads/2020/05/heuchertLogo.pngHeuchert Financial2020-12-29 11:47:492020-12-29 13:17:05Government of Canada to allow up to $400 for home office expenses
Finance Minister Chrystia Freeland recently provided the government’s fall economic update. It included information on the government’s strategy for dealing with the COVID-19 pandemic and its plan to help shape the recovery. We’ve summarized the highlights for you:
• Corporate Tax Changes, including extensions to subsidy programs.
• Personal Tax Changes, including additional Canada Child Benefit Plan payments and a new “Work from home” tax credit.
• Indirect Tax Changes, including the proposal to charge GST/HST on services provided via digital platforms, as well as the temporary removal of GST/HST on face masks and shields.
For business owners, as of December 4th, the CEBA loan has been expanded by an additional $20,000.
https://hfin.ca/wp-content/uploads/2020/12/Highlights-of-the-2020-Federal-Fall-Economic-Statement@1000px-40.png5631000Heuchert Financialhttps://hfin.ca/wp-content/uploads/2020/05/heuchertLogo.pngHeuchert Financial2020-12-07 15:42:082020-12-07 19:20:41Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
Extended COVID-19 Federal Emergency Benefits
/in Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Retiring /by Heuchert FinancialOn Friday, February 19, 2021, Prime Minister Justin Trudeau announced an extension to:
– Canada Recovery Benefit
– Canada Recovery Caregiving Benefit
– Canada Recovery Sickness Benefit
– Employment Insurance
Extended COVID-19 Federal Emergency Benefits
/in Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Retiring /by Heuchert FinancialOn Friday, February 19, 2021, Prime Minister Justin Trudeau announced an extension to:
– Canada Recovery Benefit
– Canada Recovery Caregiving Benefit
– Canada Recovery Sickness Benefit
– Employment Insurance
Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipients
/in Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners /by Heuchert FinancialGreat news for some ineligible self-employed Canadians who received the Canada Emergency Response Benefit (CERB)
Government of Canada to allow up to $400 for home office expenses
/in 2020, Accountants, Blog, business owners, Tax /by Heuchert FinancialFor the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400.
Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
/in Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, corporate, disability, financial planning, RDSP, Tax /by Heuchert FinancialFinance Minister Chrystia Freeland recently provided the government’s fall economic update. It included information on the government’s strategy for dealing with the COVID-19 pandemic and its plan to help shape the recovery. We’ve summarized the highlights for you:
• Corporate Tax Changes, including extensions to subsidy programs.
• Personal Tax Changes, including additional Canada Child Benefit Plan payments and a new “Work from home” tax credit.
• Indirect Tax Changes, including the proposal to charge GST/HST on services provided via digital platforms, as well as the temporary removal of GST/HST on face masks and shields.
For business owners, as of December 4th, the CEBA loan has been expanded by an additional $20,000.