Comprehensive Accounting Software Review: Finding the Best Fit for Your Business
In today’s fast-paced business environment, success depends not only on innovative ideas and effective management […]
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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Accounting and Financial News via Acco
Have you renovated or altered a building to make it more accessible? If you are […]
New GST/HST information for certain insurance intermediaries Source Link Businesses – Tax information newsletter
Issue 2014-01 of the Businesses – Tax information newsletter is now available. Source Link Businesses – […]