by Chris Hammond | Aug 4, 2020 | News
Canada Emergency Wage Subsidy (“CEWS”) – The New Program Rules The “old” CEWS program supported jobs by providing a reimbursement to employers for up to 75% of their employees’ wages, up to a maximum weekly limit of $847 per employee. The program initially had 3 claim...
by Padgett | May 6, 2020 | News
Financial Help for Small Business Owners Due to COVID-19 The Canada Emergency Wage Subsidy (CEWS) The CEWS will cover 75% of an employee’s wages – up to $847 per week – for employers of all sizes and across all sectors who have suffered a drop in gross revenues...
by Chris Hammond | Feb 20, 2018 | News
Did you sell your house in 2016 or later? File a tax return and claim the principal residence tax exemption for the capital gains. Commencing with sales in the 2016 tax year, you must report basic information, such as the date of acquisition, the proceeds of...
by Chris Hammond | Feb 1, 2018 | News
February brings many questions as tax season quickly approaches. One of the most common topics being automobile deductions. Updated for 2020, the ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes remains at $30,000 (plus...
by Chris Hammond | Dec 7, 2017 | News
Capital Gains Exemption Deduction The lifetime capital gains exemption deduction, if you dispose of shares in a qualified small business corporation, is $835,716, or $1,000,000 for a qualified farm property or qualified fishing property. If you have already claimed...