I have been asked about this a lot. Since a family member posted this before I could write about it, see the attached link on how CERB will be handled come tax time in 2021. https://globalnews.ca/news/6831951/cerb-taxable/?fbclid=IwAR3n4pxv2vN_CA5zGE-yuuPng5cFZX4JnO4bBWi39_3DNtX3GZY8X-hDDPQ
Read MoreDid you know that sole proprietors can now be eligible for the 75% wage subsidy if they meet certain criteria? If you would like to learn more, contact me for details!
Read MoreFor anyone not currently set up with CRA for direct deposit, I recommend doing so ASAP, especially if you are expecting Canada Emergency Response Benefit payments. Get them in your hands sooner. This can be done in your CRA account https://www.canada.ca/en/revenue-agency/services/e-services/e-services-individuals/account-individuals.html or within online banking of most major banks.
Read More30% decrease in revenue, month compared to prior year to qualify Must apply each month for the subsidy (March, April, May) Subject to maximum amounts. Contact me for details Special rules for non arms length employees Applies to businesses of all sizes Steep penalties for non compliance
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