The Importance of Accurate Bookkeeping Amid Economic Fluctuations
In an ever-changing economic landscape, accurate bookkeeping is essential for businesses of all sizes. The […]
If you were a salaried employee or an employee who earned commissions in the year, you can deduct certain expenses that you were required to pay under the terms of your employment contract. Complete form TP-59-V, Employment Expenses of Salaried Employees and Employees Who Earn Commissions, and enclose it with your income tax return. Your employer must complete and sign form TP-64.3-V, General Employment Conditions.
You can no longer claim a deduction for expenses related to working remotely because of the COVID-19 pandemic. The deduction was a temporary measure for 2020 to 2022 that let you claim $2 for each day you worked from home, to a maximum of $500.
For more information: Expenses Related to Working Remotely Because of the COVID-19 Pandemic (TP-59.S-V)
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If you made securities transactions last year, such as sales of public corporation shares, mutual fund […]
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It’s Small Business Week 2023 – check out the CRA’s information and resources that are […]
Être une organisation responsable, avant-gardiste et efficace ainsi qu’au service de la prospérité collective, c’est […]