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  • Updated Pandemic Subsidies Announced

    November 5, 2021

    Image by mohamed Hassan from Pixabay Out with the old and in with the new: Updated subsidies announced Date: October 26, 2021 Source: RSM Canada Authors: Jen Reid and Danielle Wallace With several COVID-19 support measures now expired as of Oct. 23, 2021, the federal government announced new targeted measures that will continue to provide pandemic support to eligible businesses in hard-hit industries. Among...

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  • Max Pensionable Earnings for 2022 Announced

    November 2, 2021

    CPP Maximum pensionable earnings for 2022 announced Date: November 1, 2021 Source: Advisor’s Edge The Canada Revenue Agency has announced that the maximum pensionable earnings under the Canada Pension Plan for 2022 will be $64,900, up from $61,600 in 2021. Contributors who earn more than $64,900 in 2022 are not permitted to make additional contributions to the CPP. The...

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  • CFIB Comments on Announced Changes to CEWS and CHRP

    October 22, 2021

    Image by mohamed Hassan from Pixabay CFIB Comments on Announced Changes to CEWS and CHRP Date: October 21, 2021 Source: Retail Insider Author: Mario Toneguzzi The Canadian Federation of Independent Business is relieved that some broad-based business supports will remain in place following Thursday’s federal announcement on wage and rent subsidies for businesses affected by COVID-19, but concerned that the eligibility rules and thresholds...

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  • $2000 for Alberta Businesses Participating in Restriction Exemption Program

    October 8, 2021

      November 16, 2021 Update: Application is now open for Alberta small businesses to apply for the $2,000 REP Grant.   Alberta Announces $2000 Payment for Businesses Participating in Restriction Exemption Program Date: October 7, 2021 Source: Global News Author: Kirby Bourne Businesses adopting the Alberta government’s COVID-19 restrictions exemption program (REP) will soon be able to apply for financial supports around...

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  • Tax Credit for COVID-19 Tests and Hotel Quarantine

    August 27, 2021

    Image by F. Muhammad from Pixabay Tax Credit for COVID-19 Tests and Hotel Quarantine Date: May 15, 2021 Source: Tax Interpretations CRA was asked whether the cost of COVID-19 tests and the mandatory three night stay at a government-authorized hotel for travelers would be eligible as a medical expense for the medical expense tax credit (METC). COVID-19 Tests It is the CRA’s...

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  • Proposed Non-resident Property Owners Tax

    August 25, 2021

    Image by F. Muhammad from Pixabay Proposed Non-resident Property Owners Tax Date: August 23, 2021 Source: RSM Canada LLP Contributors: Maria Severino and Clara Pham In Budget 2021, the federal government proposed a vacant homes tax with the stated intention of making housing more affordable for Canadian residents by deterring non-residents from passively investing their wealth in Canadian real estate. Proposed to be effective on...

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  • New Federal Economic Development Agency just for the Prairie Provinces

    August 12, 2021

    Image by Free-Photos from Pixabay New Federal Economic Development Agency just for the Prairie Provinces Source: Canada.ca Date: August 12, 2021 As Westerners move towards their economic recovery, the Government of Canada is building a more focused, locally informed approach, and putting people first to foster innovation, business growth, and resilience in urban, rural, and Indigenous communities. For the first time in...

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  • Alberta Jobs Now Program

    May 21, 2021

    Image by Coffee Bean from Pixabay Alberta Jobs Now Program Source: https://www.alberta.ca/alberta-jobs-now-program.aspx Overview The Alberta Jobs Now program will provide up to $370 million to help private and non-profit businesses with job supports to get thousands of Albertans back to work. Employers can apply for funding to offset the cost of hiring and training unemployed or underemployed Albertans in new or vacant...

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  • $350M in new grants to Alberta small businesses hit by pandemic

    April 13, 2021

    Varcoe: Province to roll out new $350M round of grants to Alberta small businesses hit by pandemic Date: April 13, 2021 Source: Calgary herald Author: Chris Carcoe The Kenney government has decided to ditch a yet-to-be-launched program designed to provide targeted aid to businesses hit hardest by the pandemic. Instead, it will revive a previous initiative that will help more companies...

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  • Red Flags that Could Lead to a CRA Audit

    March 16, 2021

    10 red flags that could lead to a CRA audit Source:  Financial Post Author: Sigrid Forberg Date: March 15, 2021 Typically, the tax agency will send out about 30,000 letters a year letting Canadians know they’re being audited. While that’s just a fraction of the 27.5 million taxpayers out there, you may still be sweating over what to do...

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