QuickBooks Desktop 2022 and Subscription Based Pricing
QuickBooks Desktop 2022 – What’s New Release 1 (R1) – October 2021 What’s important about Release 1? QuickBooks Desktop 2022 is only available through a subscription service Release notes can be…
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Corporate Tax – Active Income vs. Passive Income
Active Income Active Business Income (ABI) is income that is generated from a business source and includes any income incidental to your business. For example, if you own a Canadian…
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Temporary Wage Subsidy PD27 form and T4 Summaries
Prior to the introduction of the CEWS, the federal government had introduced the Temporary Wage Subsidy (TWS) which provided employers a subsidy of up to 10% of employee remuneration paid,…
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What is the $400 claim?
CRA allows all employees, who worked from home because of COVID-19 in 2020, to claim up to $400 in employment expenses as a flat rate. This amount is a tax…
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Income Tax Filing for Incorporated trucking businesses. What is Personal Services Businesses for Truckers?
