Corporate Income Tax: Strategies for a Competitive Edge
In today’s dynamic economic environment, understanding corporate income tax is vital for businesses aiming to […]
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
How to deduct remote working expenses for 2023 If you were a salaried employee or […]
The guide and forms for the income tax return are all in the income tax […]
Securing sufficient funding is crucial for startups and companies planning to expand. Most businesses rely […]
Got questions? Join our presentations and get answers to your questions. Note that the presentations […]