Is the CRA Extending the Tax Deadline for 2021? Will I owe taxes on my government benefits? Working from home, eligible for home office expenses? Digital news subscription expenses, am I eligible? These are some of the questions our clients have come to us with, take a look at this article for the answers plus more....
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Feltham & associates Accounting Blog
The Chartered Professional Accountants of Feltham & Associates in Mount Pearl have created an information-rich resource for clients and others within the industry. Through regular blog updates, we aim to keep you informed, productive, and in the clear with the CRA.
Is there a topic you would like us to cover in our blog? Contact us and share your thoughts with our team..
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17/12/2020CEWS, TEWS & CRA Reporting UpdateRead MoreThis Canadian wage subsidy program has been extended until June 2021 but the details of the program after December 19, 2020 (period 10) have not been released. The Government has proposed that this would return to 75%, but this is not yet approved. They have also not provided any recent update re furloughed employees, or a stipulation re pre-crisis pay limits.
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12/08/20205 MINUTES FOR BUSINESS: THE COSTS OF COMPLACENCYRead More“Complacency is a state of mind that exists only in retrospective: it has to be shattered before being ascertained.”
– Vladimir Nabokov
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31/07/2020CRA Extends Payment Deadlines & Provides Interest ReliefRead MoreThe CRA is extending the payment due date for the current year individual, corporate and trust income tax returns, including instalment payments, from September 1, 2020 to September 30, 2020. The CRA is also waving interest on existing tax debts related to individual, corporate and trust income tax returns from April 1, 2020 to September 30, 2020 and from April 1, 2020 to June 30, 2020 for goods and services tax/harmonized sales tax (GST/HST) returns.
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10/07/2020 -Look to compromise when returning staff to the officeRead MoreReopening during COVID-19 means allowances will have to be made for employees who wish to work off-site, experts say. Below is an article which includes good advice for employers on how to accommodate the returning of staff and some changes which may have to be made along the way.
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10/06/2020FREQUENTLY ASKED QUESTIONS – TEMPORARY WAGE SUBSIDY FOR EMPLOYERSRead MoreFeltham & Associates Chartered Professional Accountants has answered some common questions that are asked about wage subsidy for employers.
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10/06/2020KEY POINTS – CANADA’S COVID-19 ECONOMIC RESPONSE PLANRead MoreThis document summarizes selected government comments up to March 18, 2020.
Since the beginning of March, restrictions and measures related to COVID-19 have rapidly escalated.
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10/06/2020BUSINESS PLANNING IN CHALLENGING TIMES - TIME TO PRESS THE RESTART BUTTONRead MoreFeltham & Associates Chartered Professional Accountants has summarized for you some attitudes and actions you should consider during this challenging time.
- 14/04/2020Update to April 8th Covid-19 Financial Relief for CanadiansRead More
COVID-19 – Financial Relief for Canadians
Since the beginning of March, restrictions and measures related to COVID-19 have
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27/04/2018For the Record: Good Record Keeping Today Can Prevent CRA Penalties TomorrowRead MoreWe live in a digital world where everything is captured electronically in real time.
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27/04/2018New 2018 CRA Allowances for Company-Use VehiclesRead MoreOwner-managers should discuss Canada Revenue Agency (CRA) changes to employee vehicle allowances with their CPAs before announcing any changes to company policy.
