CRA says it's aware of some tax slips that wrongly list portions of repaid benefits as taxable income. If you received CERB funds, you should read the article below.
CRA has expanded eligibility and simplified the requirements to claim home office expenses for employees working from home during Covid 19. Read the article below for what you need to know for the 2020 tax year.
Structuring your income sources can make a difference!
It's important to look at ways to reduce reported income. Canadians age 65 and older may qualify for many valuable government benefits such as Old Age Security and the Age amount credit. However, if the income reported is too high, these benefits can be clawed back and, in some cases, forfeited altogether.