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 […]
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)
Source Link Revenu Québec – News
Accounting and Financial News via Acco
Starting a business can be an exhilarating yet daunting endeavor. In today’s fast-paced economic environment, […]
In an unpredictable world, effective crisis management is essential for businesses looking to navigate challenges […]
Have you renovated or altered a building to make it more accessible? If you are […]