Natesh Pillai
Support for Businesses-CRA
Extending Credit Support for Businesses The Highly Affected Sectors Credit Availability Program has been providing government-guaranteed,...
Natesh Pillai
- Nov 1
- 1 min
Support for Workers in the Live Performance Sector-CRA
Restrictions on gatherings and the closure of venues has meant that tens of thousands of workers in the live performance sector continue...
0 views0 comments
Natesh Pillai
- Nov 1
- 1 min
Enhancing the Home Office Expense Deduction-CRA
Millions of Canadians were required to work from home during the pandemic. To help support this transition to working from home, in 2020...
0 views0 comments
Natesh Pillai
- Nov 1
- 1 min
Enhanced Support for Teachers
Whether teaching from home or in the classroom, teachers have shown—throughout the pandemic, and always—that they are willing to go above...
0 views0 comments
Natesh Pillai
- Nov 1
- 2 min
Government of Canada introduces legislation to make life more affordable for Canadians
Quick facts These measures total more than $4.5 billion in targeted support for the Canadians who need it most, of which $3.1 billion is...
0 views0 comments
Natesh Pillai
- Oct 24
- 1 min
2022- Basic Personal Amount
Federal tax brackets in Canada will increase by 2.4% based on inflation. The basic personal amount (the amount of tax-free annual income)...
0 views0 comments
Natesh Pillai
- Feb 12
- 1 min
Cryptocurrency- Earning
Cryptocurrencies are commonly acquired in two ways: bought through a cryptocurrency exchange earned through mining Mining involves using...
20 views0 comments
Natesh Pillai
- Feb 12
- 1 min
Cryptocurrency-Reporting as either income or capital gain
Generally, if disposing of cryptocurrency is part of a business, the profits you make on the disposition or sale are considered business...
5 views0 comments
Natesh Pillai
- Feb 12
- 2 min
Crypto Currency- Is it business income or capital gain?
The income you get from disposing of cryptocurrency may be considered business income or a capital gain. In order to report it correctly,...
6 views0 comments
Natesh Pillai
- Feb 12
- 1 min
Northern residents deductions 2021
You may live in a prescribed zone and be eligible to claim these deductions. To find out, visit Line 25500 - Places located in prescribed...
7 views0 comments
Natesh Pillai
- Feb 12
- 1 min
Educator School Supply Tax Credit –
To support teachers and early childhood educators in Canada, the government proposes to expand and enrich the Eligible Educator School...
3 views0 comments
Natesh Pillai
- Feb 12
- 1 min
Zero-emission vehicles
The definition of zero-emission vehicle has changed for vehicles acquired after March 1, 2020. A vehicle may still qualify as a...
2 views0 comments
Natesh Pillai
- Feb 12
- 1 min
2021- Home Office Expenses
You may be eligible to claim a deduction of up to $500 annually for home office expenses in the 2021 tax year using the temporary flat...
2 views0 comments
Natesh Pillai
- Feb 12
- 1 min
Climate Action Incentive-2021
The Government of Canada has announced its intention to deliver the Climate action incentive (CAI) as a quarterly benefit payment. If you...
1 view0 comments
Natesh Pillai
- Feb 12
- 1 min
INCOME TAX DEADLINES - CRA
Last year, Canadians filed almost 31 million income tax and benefit returns. Having the information you need on hand to file your return...
5 views0 comments
Natesh Pillai
- Feb 12
- 1 min
CRA-Information Returns
Budget 2021 proposes to amend the Income Tax Regulations to allow issuers of T4A (Statement of Pension, Retirement, Annuity and Other...
1 view0 comments
Natesh Pillai
- Feb 12
- 1 min
CRA-Correspondence with Businesses
Budget 2021 proposes to change the default method of correspondence for businesses that use the CRA’s My Business Account portal to...
1 view0 comments
Natesh Pillai
- Feb 12
- 1 min
CRA-Changes to the Default Method of Correspondence (implementation postponed to July 2022)
Notices of Assessment Budget 2021 proposes to amend the Income Tax Act to provide the CRA with the ability to send certain notices of...
1 view0 comments
Natesh Pillai
- Feb 12
- 1 min
CRA- Multi Factor Authentication (MFA) – Extended Passcode Duration Begins February 7
As you are undoubtedly aware, MFA now applies to all Representatives. If you have not yet registered for the MFA system, you will be...
1 view0 comments
Natesh Pillai
- Feb 4
- 1 min
Home Office Expenses- Changes in 2021 Taxes
The temporary flat rate method simplifies your claim for home office expenses. You are eligible to use this method if you worked more...
9 views0 comments