Blog2020-03-20T21:28:02+00:00

Recent Articles

Qualified Chartered Professional Accountants offering professional advice
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Business Use Of The Home: Eligible Expenses (Part 1)

A November 27, 2019 French Tax Court of Canada case reviewed various deductions claimed against the taxpayer’s business income derived from engineering and arbitration services related to the business use of his home. The taxpayer and CRA had agreed that 35.83% of the home, mainly the basement which was used as a business office, was used for business purposes.

Covid-19 Update

This week places us all in a time of uncertainty. In light of Covid-19, we are reaching out to keep you informed of updates to our office policies and procedures, and to provide a summary of key points from Canada’s economic response plan released this week.

BUSINESS FAILURE

There are special laws which hold a director personally liable for certain amounts that their corporation fails to deduct, withhold, remit, or pay.

ACCELERATED DEPRECIATION

In response to U.S. tax changes and cuts, the Federal Government released its Fall Economic Update on November 21, 2018 which primarily focused on changes to the first year of depreciation on most capital assets.

CONTRACTOR VS. EMPLOYEE

In a May 8, 2018 Tax Court of Canada case, the Court reviewed whether the taxpayer was earning insurable and pensionable amounts related to her work at a health care clinic for 2015 and part of 2016 up to her termination.

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