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Changes to the home office expenses for employees tax deduction for the 2020 tax year.

Feb 14, 2021 | Canadian Tax Topics

What is the home office expenses for employees tax deduction? The home office expenses for employees tax deduction is used to reduce income from employment and is for employees who, as a condition of employment, are required to maintain a home office. The deduction...

Changes to the Canada Pension Plan (CPP) 2019-23: How they affect corporations and the self employed.

Jan 24, 2021 | Canadian Tax Topics

What is the Canada Pension Plan? The Canada Pension Plan (CPP) is a mandatory pension plan to help Canadian workers (every person over 18 years of age, who works in Canada and earns over $3,500 per year), in their retirement. Employees, employers and the self-employed...

BC Employer Health Tax (BC EHT) – What it is, how to register and how it is calculated.

Jan 24, 2021 | Canadian Tax Topics

What is the BC Employer Health Tax? The BC Employer Health Tax is an annual payroll tax that came into effect on January 1, 2019. It is tax that is separate from Medical Services Plan (MSP) premiums and current payroll source deductions. The BC EHT calculation is...
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Kelly J Bookkeeping

Professional Bookkeeper | Surrey, Delta, Langley BC

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