The You First Blog

The Globe & Mail published a timely article yesterday about the potential deductions available for employees who have shifted to working from home due to COVID-19. Our interpretation is consistent with the article.  You should be able to deduct a prorated amount of your home office costs as an employment expense.  The costs will differ… Read More

You can read Part I of our Coronavirus coverage here You can read Part II of our Coronavirus coverage here You can read Part III of our Coronavirus coverage here You can read Part IV of our Coronavirus coverage here Click here for a summary of all cash flow solutions made available by companies or… Read More

Prime Minister Justin Trudeau spoke this morning and unveiled the Canada Emergency Response Benefit (CERB).  The CERB will amalgamate the two previously announced benefits: Emergency Support and Emergency Care Benefit.  This program is meant to provide an EI-like income for those who don’t normally qualify for EI.  Those able to apply for the CERB are… Read More

(Updated April 1 at 6pm) Last week, the federal government announced their aid package to assist Canadians during the COVID-19 crisis.  Either voluntarily or via government mandate, the banking sector is also providing assistance with loan payments.  Here’s what we know so far:   Canada Emergency Response Benefit (CERB): The CERB will provide $2,000 a… Read More

Update on Tax Season

March 21, 2020
Anthony's Update
Anthony Sabti

This week, the CRA officially moved the tax filing deadline for individuals from April 30 to June 1.  The deadline for self-employed workers has not changed and remains June 15. For both individuals and self-employed workers who have a balance owing after filing their return, the payment deadline has been moved from April 30 to… Read More