Did you work from home during 2020? New for 2020 there are temporary changes for Work From Home Claims
Here is what you need to know
Are you an Employer? The new form T2200S will need to be certified and signed for your employees if they were required to work from home due to COVID-19. (https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2200s.html)
What a year to be in business - from the various loans, subsidies and grants - to the constant unpredictabilty of government shut downs, reopenings and the constantly changing and hard to predict customer needs. As 2020 rolls out here are some tips to consider.
Are you coming to the end of the year after unpredictable 2020 investment returns? The most common question of 2020 has been if the government will raise capital gains rates. At this point, there has been no official indication from the government that they will, but there is nothing stopping from them from doing so. Many people believe that they will raise rates because of the federal deficit while others believe they will not as there is a minority government and they do not want to be seen raising taxes during a pandemic (and that the government does not really care about debt).