https://cantrustfinancial.ca/wp-content/uploads/2020/12/Up-to-400-for-home-office-expenses.png 563 1000 Simon Marples https://cantrustfinancial.ca/wp-content/uploads/2019/05/cantrust-logo-05-On-White.png Simon Marples2020-12-29 11:47:492020-12-29 21:33:10Government of Canada to allow up to $400 for home office expenses
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://cantrustfinancial.ca/wp-content/uploads/2020/12/Highlights-of-the-2020-Federal-Fall-Economic-Statement@1000px.png 563 1000 Simon Marples https://cantrustfinancial.ca/wp-content/uploads/2019/05/cantrust-logo-05-On-White.png Simon Marples2020-12-07 15:42:082020-12-08 01:15:27Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
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://cantrustfinancial.ca/wp-content/uploads/2020/11/CERS_STARTS_TODAY.gif 280 500 Simon Marples https://cantrustfinancial.ca/wp-content/uploads/2019/05/cantrust-logo-05-On-White.png Simon Marples2020-11-23 14:01:152020-11-23 23:21:16Applications for the new Canada Emergency Rent Subsidy starts today!
The new Canada Emergency Rent Subsidy is open for applications today! Unlike the previous program, this subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords. CERS covers up to 65% of rent for businesses, charities and non-profits impacted by COVID-19. An additional 25% Lockdown Support is available during a public health lockdown order.
https://cantrustfinancial.ca/wp-content/uploads/2020/10/CRB@2x.png 640 1000 Simon Marples https://cantrustfinancial.ca/wp-content/uploads/2019/05/cantrust-logo-05-On-White.png Simon Marples2020-10-13 14:54:192020-10-14 01:24:06Applications for Canada Recovery Benefit now open!
The Canada Recovery Benefit (CRB) is now open for applications. If you are eligible for the CRB, you can receive $1,000 ($900 after taxes withheld) for a 2-week period. If your situation continues past 2 weeks, you will need to apply again. You may apply up to a total of 13 eligibility periods (26 weeks) between September 27, 2020 and September 25, 2021.
https://cantrustfinancial.ca/wp-content/uploads/2020/10/CERS_CEWS_CEBA@2x.png 640 1000 Simon Marples https://cantrustfinancial.ca/wp-content/uploads/2019/05/cantrust-logo-05-On-White.png Simon Marples2020-10-09 16:23:562020-10-10 00:39:14New Canada Emergency Rent Subsidy | Wage Subsidy extended | CEBA additional $20,000 loan
Great news for businesses! The new Canada Emergency Rent Subsidy will be available directly to business owners who need rent relief. The Wage Subsidy has been extended to June 2021. And the CEBA has been expanded to provide up to $20,000 interest-free loan.
https://cantrustfinancial.ca/wp-content/uploads/2020/10/CRSB_CRCB_starts_today@2x.png 640 1000 Simon Marples https://cantrustfinancial.ca/wp-content/uploads/2019/05/cantrust-logo-05-On-White.png Simon Marples2020-10-05 13:51:472020-10-05 22:27:12Applications for Canada Recovery Sickness Benefit and Caregiving Benefit starts today!
Starting October 5, 2020, the Government of Canada will be accepting online applications for the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiving Benefit (CRCB).