by Roberto Belingueres | Apr 22, 2021 | Articles & Publications, Covid, Taxes
The Liberal government has laid out billions in fresh spending after over two years without a federal budget — and while many of the government’s recent pledges graced its pages, others were notably absent. It’s possible some policies were pushed out of reach...
by Roberto Belingueres | Apr 21, 2021 | Articles & Publications, Taxes
On April 19, 2021, Deputy Prime Minister and Finance Minister Chrystia Freeland tabled in the House of Commons the Liberal Government’s first federal budget in more than two years, A Recovery Plan for Jobs, Growth, and Resilience (Budget 2021). Budget 2021 contains...
by Roberto Belingueres | Mar 21, 2021 | Accounting, Articles & Publications
Beyond the record creation process, accountants use the information gathered for analysis and interpretation. Accountants are usually concerned with understanding the meaning of the amounts they obtain, and they look for the relationship between business events and...
by Roberto Belingueres | Mar 17, 2021 | Articles & Publications, Covid
The Canada Revenue Agency (CRA) launched the Canada Emergency Response Benefit (CERB) as the flagship COVID-19 program by the Canadian government in 2020. CERB became a lifeline for Canadians who lost income due to the pandemic. The program ended on September 27,...
by Roberto Belingueres | Mar 16, 2021 | Accounting, Articles & Publications
Audits can stem from things you do — or don’t do — when filing your tax return. Typically, the tax agency will send out about 30,000 letters a year letting Canadians know they’re being audited. While that’s just a fraction of the 27.5 million taxpayers out...
by Roberto Belingueres | Mar 12, 2021 | Articles & Publications
The Canada Revenue Agency has recently locked out 800,000 users from their online accounts, out of fear that people’s usernames and passwords have been hacked. Citing the cybersecurity risk of having this information in the hands of potentially bad actors, obtained...
