Temporary relief for employee automobile benefits for the 2020 and 2021 taxation years due to COVID-19
On December 21, 2020, the Department of Finance Canada released a backgrounder and draft legislation to provide temporary relief in respect of employee automobile benefits for the 2020 and 2021 taxation years due to the impact of COVID-19. …
Employee home office expenses – New rules for 2020
In light of Covid-19 many employees have been required to work from home for a large portion of the 2020 calendar year. As such, new streamlined rules apply for the 2020 taxation year that will allow individuals working from home to claim …
Simplified process for deducting home office expenses for employees who worked from home due to the COVID-19 pandemic
The Canada Revenue Agency and Revenu Québec are making deductions for home office expenses available to more employees and simplifying the process for claiming deductions on 2020 personal income tax returns. To be eligible to use the simplified method or the expanded eligibility …
COVID-19: Relief for Taxpayers by the Internal Revenue Service (United States)
Due to the ongoing coronavirus pandemic, the Internal Revenue Service (“IRS”) announced that all tax returns and payment of tax normally due by April 15 is postponed until July 15 this year. …
COVID-19: Can layoff workers … work?
Can I have EI employees working? Can I improve my worker’s EI benefits? This is what you should know as an employer. …
The value of cash forecasting
As we approach the next month, focusing on short and medium-term cash and liquidity management will increase in importance. …
COVID-19: Montreal offers support measures for its businesses
Emergency financial aid, help measures, and a hotline are now offered to Montreal businesses. …
COVID-19: Compensation Options
As an employer, you have to be informed of your rights and obligations regarding the impacts associated with COVID-19 virus. …
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