Monthly Archives: December 2020

Simplifying the Home Office Expense Deduction

Laptop on kitchen counter

Millions of Canadians are unexpectedly working from home because of COVID-19. They are turning their bedrooms, basements and kitchens into offices, and taking on increased household expenses to do their jobs. Canadians working from home can already deduct certain home office expenses for tax purposes, but first-time claimants may not be familiar with the rules… Read more »

CEBA $20,000 Program Increase

Canadian Flag at Parliament

The Canada Emergency Business Account (CEBA) program has been increased by an additional $20,000, bringing the total CEBA loan amount to $60,000 per eligible business. Businesses who receive $60,000 in total CEBA loan proceeds will be eligible to receive a total forgiveness of $20,000 if $40,000 of the CEBA loan is repaid on or before… Read more »