Canada News Centre

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Life in the Tax Lane March

This month’s video discusses: – T1 Season – What’s New – U.S. – New Disclosure Requirements for Crypto Activities – Vehicle Logs/Apps – Tenant Relocation Assistance – Taxable? – Starting a Business While Collecting EI – In-Kind Contributions to an NPO Click below…

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Prescribed Interest Rate Q4 2020

The rate for calculating taxable benefits from low-interest and interest-free loans to employees and shareholders, and for loans to spouses or children, will remain at 1% for Q4 2020 beginning Oct 1st. Click below to read more: Prescribed Interest Rate Q4 2020 …

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Life in the Tax Lane May 2021

Federal Budget 2021 | Advisor Error re Tax Change | CRA Review Social Media Influencers | Coinsquare Data to CRA | Bank Records Sent to IRS | New Compilation Engagement Standard | Disability Tax Credit Fee Restrictions Click below to read more: Life…

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CERS Extended to Oct 23, 2021

The rent subsidy and lockdown support have been extended for 4 weeks, at a maximum rate of 20%, with the lockdown support continuing at 25%. The maximum rate for period 20 ending Sep 25th is increased to 40%. Click below to read more: …