Work from home expenses
Work from home expenses As the pandemic drags on, most office workers are being asked to continue staying home. While more businesses are opening for in-person transactions, those who really…
Read More Government updates on CERB and CECRA programs – July 31, 2020
Government updates on CERB and CECRA programs On July 31, the federal government provided updates on the Canada Emergency Response Benefit (CERB) and the Canada Emergency Commercial Rent Assistance (CECRA).…
Read More CRA announces an extension to the payment deadline during the COVID-19.
From: Canada Revenue Agency News release July 27, 2020 The Canada Revenue Agency (CRA) is closely monitoring the COVID-19 situation, and is committed to supporting Canadians throughout it. The CRA understands…
Read More CRA’s tax audit of U.S. real estate transactions
CRA’s tax audit of U.S. real estate transactions By David Rotfleisch On June 25, Canada Revenue Agency (CRA) announced that it would carry out a tax review of six years of…
Read More IRS Steps Up Cryptocurrency Tax Enforcement Efforts
IRS Steps Up Cryptocurrency Tax Enforcement Efforts By Marcus E. Dyer, CPA, Esq., Withum – July 20, 2020 When the first versions of cryptocurrency were formulated back in the 1980s, scant evidence…
Read More Corporate Income Tax Rates – 2019
Corporate Income Tax Rates - 2019 The federal general (and M & P) corporate income tax rate remains 15 percent. Provincial and territorial general (and M & P) rates remained…
Read More How To Reduce Or Eliminate US Withholding Tax For Canadians?
How To Reduce Or Eliminate US Withholding Tax For Canadians? Have you heard of W-8BEN or W-8BEN-E? Read on to learn more. U.S. companies that make payments to non-US contractors…
Read More 2018 Budget Simplifies Passive Investment Rules
2018 Budget Simplifies Passive Investment Rule The 2018 federal budget introduced measures to simplify the new taxation regime for passive investments held inside a private corporation. These changes bring some…
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