2021 Alberta Budget
On February 25, 2021, Alberta Finance Minister Travis Toews tabled Alberta’s 2021-24 three-year fiscal plan (Budget 2021). The global pandemic and the crash in oil prices…
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CERB Claw backs: Cancelled!
As of February 16, 2021, the CRA announced interest relief for certain individuals who received COVID-19 income relief in 2020. Certain Canada Emergency Response Benefit (CERB)…
Fraudulent CERB Claims
In a recent conversation with another accountant, we came across a troubling situation that all taxpayers should be aware of. In August 2020, CRA was the…
Wealth Planning: Work from Home Expenses
With the transition to working from home as a result of the COVID-19 pandemic, many questions have come up regarding eligibility for home office deductions that…
Wealth Planning: Medical Expenses
Out-of-pocket medical expenses can be claimed as a non-refundable tax credit on your personal tax return, which is used to reduce the total tax payable. Non-refundable…
COVID&Working From Home
COVID-19 HAS CHANGED THE LANDSCAPE OF ALMOST EVERYTHING FOR CANADIANS – FROM HOW WE INTERACT WITH OUR FRIENDS AND FAMILY, TO HOW AND WHERE WE WORK.…
2020: Year-End Tax Tips
The government introduced a number of measures in 2020 to assist individuals who have been affected by COVID-19. We’ve put the main ones together with some…