5 Key Factors Lenders and Investors Consider Before Funding Your Business
Securing sufficient funding is crucial for startups and companies planning to expand. Most businesses rely […]
What you need to know for the 2023 taxation year.
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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Instead of completing the paper form, use the online service for applying for the shelter […]
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Issue 2013-01 of the Businesses – Tax information newsletter is now available. Source Link Businesses – […]
Did you sell property this year? Was it your principal residence? If so, complete form […]