TaxTrends Newsletter Issue 59

Office in Home Employee Expense Deduction – Simplified Process Announced December 15, 2020, due to COVID, Finance and the CRA have an administrative policy for employees working at home to claim a flat $400 Office in Home deduction ($2 day to a maximum of $400) without an employer T2200 form. The employee must have worked […]

Canada Emergency Rent Subsidy (CERS)

Good News for Both Renters and Property Owners The CERS replaces the old program and is designed to operate like the Canada Emergency Wage Subsidy (CEWS) in that affected businesses claim the CERS on their CRA My Business Account. My Account has now been updated and affected businesses can start claiming the subsidy immediately. There […]

Canada Emergency Response Benefit (CERB) Replacement Programs

The CERB program has now ended. The CRA will continue to accept retroactive applications for Period 7 (August 30 to September 26) through the CRA “My Account” service or automated toll-free phone line. There are 4 replacement programs as follows: Transition from CERB to EI Canada Recovery Benefit (CRB) Canada Recovery Caregiver Benefit (CRCB) Canada […]

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Canada Emergency Wage Subsidy (CEWS)

On Saturday April 11, Parliament passed Bill C-14 which is the legislation to implement the CEWS. The legislation is complex and due to its hastiness has some unknown parts, unintended and intended consequences, and gaps yet to be addressed. Due to its complexity, it will take a while to fully analyze its implementation. The intent […]