You can claim up to $500 per year for amounts you paid for qualifying digital news subscriptions for the tax years 2020 through 2024. The CRA launched the digital news subscription tax credit in 2021 as a tax measure to support journalism. Since then, the CRA’s list of qualifying digital news subscriptions has vastlyRead more
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The Canada Emergency Business Account (CEBA) program offered interest-free loans of up to $60,000 to small businesses and not-for-profits. Given the continued challenges to many businesses because of the Omicron variant, the repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022, to December 31, 2023, for allRead more
On December 14, 2021, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, delivered the Federal Government’s Fall Economic and Fiscal Update. No personal or corporate tax rate changes were announced; however, the Government announced several tax measures to continue supporting Canadians. Read below for a summary of the most relevant measures orRead more
If your corporation owns an interest in real estate in British Columbia, this correspondence applies to you. As a courtesy, we wish to inform you that the Land Owner Transparency Act requires that all companies, trusts and partnerships that have an interest in land in B.C. must file a transparency report on or before NovemberRead more
Today is voting day for the federal election. The Canada Elections Act requires that all employees in Canada are allowed 3 consecutive hours to vote. Many of the polling stations in the area are only open until 7PM. As such, Sabo, Jang and Co. will be closing today at 4PM to allow employees theRead more
