by marketingteam | Apr 19, 2024 | Taxes
Technically, it’s not a tax credit but a tax deduction that reduces your taxable income. During the pandemic, when approximately 5 million Canadians were forced to work from home, the federal government introduced a temporary flat rate method for claiming work from...
by marketingteam | Apr 19, 2024 | Taxes
On January 2, 2024, the employment insurance (EI) premium rate increased, from $1.63 to $1.66 per $100 of earnings for employees, and from $2.28 to $2.32 per $100 for employers, requiring employees to pay $1,049 and employers to pay $1,469 into EI in 2024, according...
by marketingteam | Apr 19, 2024 | Taxes
No. All COVID-19 benefits, such as the Canada Emergency Response Benefit (CERB), Canada Recovery Benefit (CRB) and Canada Worker Lockdown Benefit (CWLB) have expired. The CRA administered these temporary benefits between March 15, 2020 and May 7, 2022, and each had...
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