COVID-19
Keeping you up to date on matters of note, industry events, news and company updates.

Cash Flow Management

June 28th, 2021

Well-managed cash flow is the lifeblood of any business, but the pandemic has reminded us that things can change without warning. To prepare for the unexpected, there’s never been a better time to review your cash…

WORKING FROM HOME IN 2020 DUE TO COVID-19: EMPLOYEE EXPENSES

April 9th, 2021

The Canada Revenue Agency offers two new options to claim employment expenses related to working from home in 2020: Temporary flat-rate method – eligible employees can claim a flat amount ($2 per day to a maximum…

COVID-19 FEDERAL SUPPORTS FOR INDIVIDUALS

April 8th, 2021

The federal government has provided several financial supports for individuals during the COVID-19 pandemic. The following benefits are considered taxable income, and people who have received them should get a T4A or T4E slip from the…

Small and Medium Sized Business Recovery Grant

February 22nd, 2021

The Small and Medium Sized Business Recovery Grant Program was introduced in early fall 2020 to provide B.C. businesses with additional support through COVID-19 and beyond. The program was poorly advertised and consequently, the business community is relatively…

Claiming Home Office Expenses for 2020 Just Got Simpler – but Read the Fine Print

February 16th, 2021

The past year has been unlike any other, with millions of Canadians forced to work from home as a result of the COVID-19 pandemic. Under the Income Tax Act, most employees can only claim limited deductions….