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Good time to start tax planning now
While tax planning may not be top-of-mind amid the pandemic, now is a good time to prepare, according to Jamie Golombek, managing director of tax and estate planning at CIBC. "I urge all Canadians, and particularly individuals and businesses directly impacted by the...
Quickbooks Online and Amazon Business now integrate
Quickbooks Online now has the ability to integrate with Amazon Business. This integration allows small businesses, who use both platforms, to automate purchase reconciliation and categorization when making purchases on Amazon Business. To learn more about this, visit...
Teleworking Employees Can Deduct Home Office Expenses
As an employee who, pre-COVID, commuted a distance from where you live to your office, you have long been aware that employment comes at a cost; wasted travel hours, transportation costs, “appropriate” clothing costs and so on. Employers do not cover these costs and,...
C.D. Howe Institute: “CRA Auditor Incentives Raise Fairness Concerns”
Tax auditors’ incentives to raise more tax revenues have been amplified by higher targets and added funding for the Canada Revenue Agency. In “Assessing the Canada Revenue Agency: Evidence on Tax Auditors’ Incentives and Assessments,” authors Kenneth Klassen and Nick...
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