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Claiming home office expenses for 2021

Claiming home office expenses for 2021

As the pandemic continued past 2020 and through 2021, it is likely that employees who were able to work from home spent at least part of the 2021 tax year doing just that. And, as was the case in 2020, those workers may be entitled to claim a deduction on their 2021...

Claiming a deduction for moving expenses

Claiming a deduction for moving expenses

One of the more unexpected effects of the current pandemic has been the impact on the Canadian real estate market. In each of July, August, and September 2020 the number of home sales, especially in major cities, has set a year-over-year record and, in many of the...

Tax planning for year-end charitable donations

Tax planning for year-end charitable donations

Canadians have a well-deserved reputation for supporting charitable causes, through donations of both money and goods. Our tax system supports that generosity by providing a tax credit for qualifying donations made.  Federally, taxpayers can claim a credit of 15%...

Transitioning from the Canada Emergency Relief Benefit

Transitioning from the Canada Emergency Relief Benefit

Of all the many financial relief programs introduced by the federal government to address the economic impact of the pandemic, probably none has had a bigger impact than the Canada Emergency Relief Benefit (CERB). As of August 16, nearly 9 million Canadians had...