If you’re considering or in the process of setting up a new Canadian Business, chances are you’ve come across the various types of shares and ownership structures. Below we’ll provide some clarity on their differences to help you make a more informed decision...
The proposed 2021 Federal Budget offers a variety of changes that impact tax reporting. Below we highlight some of these changes and how they impact Canadian employees and individuals. If you have questions regarding the budget and how it may impact your situation,...
How COVID-19 Affects Your Business Taxes and What Relief is Available? COVID-19 has changed the way many businesses interact with their customers. This includes adjustments for countless Canadian employees who continue to navigate through reduced wages, occupancy,...
COVID-19 Relief Government Programs for Individuals and Businesses If you are like many business owners across Canada and around the world, you’ve likely been affected by COVID-19 over the past year. Impacts stretch from changes in staff and operations to government...
Home Office Deductions for Employees Amid The Pandemic Amid the COVID-19 pandemic, many employers and employees alike have changed the way they do business. As a result, the CRA has new guidelines and thresholds for claiming home office expenses covered by an employer...
The Canada Revenue Agency (CRA) is looking to ALL Canadian employers to help validate COVID-19 relief payments made to individuals and businesses in 2020, regardless of whether your business has applied for these benefits or not. McNabb Lucuk LLP is here to help you...
Recent Comments