2022 Changes - Auto Costs, CEBA Loan and Ontario 2 New Programs!
Welcome to 2022 and hope you had a Happy New Year! Auto Cost Rule Changes January 1, 2022 The Department of Finance Canada announced the...
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Oct 7, 20213 min
CRA and New Disability Tax Credit Application Process and Form! More Work! Rate Regulated Nov 15/21!
Please note that these Regulations that were to come into force November 15 to cap the fees that disability tax credit (DTC) promoters...
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Peter Wiesner
Aug 15, 20211 min
OAS Seniors Getting a $500.00 One Time Payment Week of August 16, 2021!
$500 OAS Payment August 16, 2021 Canada
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Peter Wiesner
May 3, 20212 min
In Ontario Workers to Receive 3 sick days for COVID 19 issues -Extended July 31, 2022.
Revised December 9th, 2021 - This program has been extended to July 31, 2022. On Thursday, April 29, 2021, Monte McNaughton, Minister of...
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Peter Wiesner
Apr 14, 20213 min
Looks Like No Tax Deadline Extensions based on CPA Canada discussions with Federal Government!
My association has been lobbying the Federal Government to extend the tax filing deadline this year as Ontario is in lock down (see...
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Peter Wiesner
Mar 23, 20211 min
Canada's next Federal Budget is April 19th, 2021. First budget in 2 years!
The next Federal Budget in Canada is April 19th, 2021 at 4pm. It has been 2 years since the last budget and it's coming within 11 days of...
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Peter Wiesner
Mar 22, 20211 min
CEBA Loan Deadline Extended to June 30th, 2021 from March 31, 2021
The main COVIC-19 supports webpage was updated to note that Business owners can apply for support until June 30, 2021 through their banks...
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Peter Wiesner
Mar 11, 20211 min
March 24th, 2021 at 4pm -Ontario Budget is Coming
Ontario to Release the 2021 Budget on March 24th at 4pm. The Government will outline next phase of Ontario’s COVID-19 Action Plan If you...
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Peter Wiesner
Feb 2, 20217 min
Tax Items Related to COVID19
Bruce Ball, FCPA, FCA, CFP on January 28, 2021 from my association has put out a good summary of the tax items that can be encountered in...
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Peter Wiesner
Jan 17, 20211 min
Ontario Small Business Support Grant Program Open for Applications
An update, the Ontario Small Business Support Grant is now open for applications. Ontario Small Business Support Grant Applications are...
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Peter Wiesner
Jan 2, 20213 min
It's 2021 and Happy New Year! A few things to do in the short run to keep more money in your pocket!
I hope everyone had a Happy New Year and that 2021 is better than 2020! However, you can still do some a few items at this time of year...
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Peter Wiesner
Dec 31, 20205 min
Five Things You Should Do in 2021 to Improve the Value of Your Business!
This was written by another Chartered Professional Accountant member and a good read. David Prowse CPA, CA, December 15, 2020 I believe...
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Peter Wiesner
Dec 24, 20202 min
Vehicle Claims Unchanged 2021 vs 2020, and Standby Charge Flexibility for 2020 T4s! Good news here!
The government of Canada announced the 2021 automobile rates. Since most clients use kilometer reimbursement in the past that drive more...
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Peter Wiesner
Dec 22, 20204 min
Ontario Business Relief Rules for Lock Down Coming-$10,000 to $20,000 Available in January, 2021
Ontario has announced new measures to assist with business's impacted by the up coming lock down. The funds will start in January 2021...
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Peter Wiesner
Dec 15, 20204 min
Simplified Home Office Claims $2 a day! Lots of Rules for small savings in detailed calculations!
On December 15, 2020, the CRA released details on new methods to claim home office expenses. The update includes: -New temporary flat...
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Peter Wiesner
Dec 5, 20201 min
CPP Going Up in 2021 -$536.90 for the Self Employed at the Maximum
The Canada Revenue Agency has announced the CPP rates for 2021. The maximum pensionable earnings under the Canada Pension Plan (CPP) for...
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Peter Wiesner
Dec 4, 20204 min
CEBA Loans - Extra $20,000 Available- Be Careful
The government of Canada announced on October 9th, 2020 that an additional $20,000 loan would be available of which only $10,000 has to...
157 views
Peter Wiesner CPA, CA
Nov 30, 20207 min
Canada Economic Update - November 30, 2020
Today the Federal Government provided the Economic Update. Here are some interesting items to note as follows; Some Statistics That...
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Peter Wiesner CPA, CA
Nov 14, 202012 min
Tax Planning 2020 - Now is the Time!
It's middle of November and tax planning time has come. Why you may ask? Most items in the Income Tax Act are to be completed on a...
48 views
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