In 2020 CRA introduced a new credit for employees who are working from home due to the pandemic. There are two methods you can use to claim the credit outlined below. Flat Rate Method To be eligible, you would have to work from home for 50% of the time for 4 consecutive weeks during 2020. … Read more
Below is a list of dates to keep in mind when getting ready for filing your 2020 personal tax returns. February 22, 2021 – first day to Efile returns. March 1, 2021 – last day to submit funds to RRSP for 2020’s taxes. April 30, 2021 – last day to file your tax return to … Read more
Due to the COVID-19 virus, the Federal Government has made some changes to the tax filing deadlines and deadlines for amounts owing. Individual Tax June 1, 2020 – new deadline for filing personal tax returns. There will be no penalties for filing up to June 1, 2020. August 31, 2020 – new deadline for tax … Read more
Unfortunately, this is the time of year when people fall victims to scammers pretending to be CRA and demanding money or you will be arrested or something similar. Fortunately, in Canada there is a long process before anyone is arrested for unpaid tax bills. The first thing you should do if you are being called … Read more
Below is a list of dates to keep in mind when getting ready for filing your 2019 personal tax returns. February 24, 2020 – first day to Efile returns. March 2, 2020 – last day to submit funds to RRSP for 2019’s taxes. April 30, 2020 – last day to file your tax return to … Read more