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/2018/03/FederalBudgetFamilies2018-2.png 600 600 Simon Marples https://cantrustfinancial.ca/wp-content/uploads/2019/05/cantrust-logo-05-On-White.png Simon Marples2018-03-04 22:00:002018-03-04 22:15:232018 Federal Budget Highlights for Families
Several key changes relating to personal financial arrangements are covered in the Canadian government’s 2018 federal budget, which could affect the finances of you and your family.
https://cantrustfinancial.ca/wp-content/uploads/2018/03/FederalBudget2018-BusinessOwners.png 600 600 Simon Marples https://cantrustfinancial.ca/wp-content/uploads/2019/05/cantrust-logo-05-On-White.png Simon Marples2018-03-04 21:00:002018-03-04 21:11:412018 Federal Budget Highlights for Business
The government’s 2018 federal budget focuses on a number of tax tightening measures for business owners. It introduces a new regime for holding passive investments inside a Canadian Controlled Private Corporation (CCPC). (Previously proposed in July 2017.)
https://cantrustfinancial.ca/wp-content/uploads/2018/02/BC_Budget_2018-Simon-Marples.png 792 612 Simon Marples https://cantrustfinancial.ca/wp-content/uploads/2019/05/cantrust-logo-05-On-White.png Simon Marples2018-02-22 22:00:002018-02-22 22:20:07BC Budget Highlights 2018
BC Finance Minister Carole James delivered the province's 2018 budget update on February 20, 2018. The budget anticipates a surplus of $219 million for the current year, $281 million for 2019 and $284 million in 2020.
https://cantrustfinancial.ca/wp-content/uploads/2018/01/RRSPTaxSavingsCalculator_featuredImage.jpg 800 1200 Simon Marples https://cantrustfinancial.ca/wp-content/uploads/2019/05/cantrust-logo-05-On-White.png Simon Marples2018-01-28 20:45:002018-01-28 20:48:21RRSP Deadline is March 1, 2018. How much tax can you save?
The deadline for contributing to your Registered Retirement Savings Plan (RRSP) for the 2017 tax filing year is March 1, 2018. You generally have 60 days within the new calendar year to make RRSP contributions that can be applied to lowering your taxes for the previous year.