El Centro Newspaper, Friday, August 17, 2018
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Articles & Publications
Canada Emergency Rent Subsidy (CERS)
Canada Emergency Rent Subsidy (CERS) Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue due to the COVID-19 pandemic may be eligible for the Canada Emergency Rent Subsidy (CERS) to cover part of their commercial rent or...
Hiring outlook improves for 2021
Hiring outlook improves for 2021 One-third of employers reporting labour shortages, up from one-quarter: Survey Employers’ hiring intentions for 2021 have improved compared with earlier in 2020, according to a survey from the Bank of Canada. The percentage of...
Tax Brackets Canada 2021
Federal Tax Bracket Rates for 2021 The following are the federal tax rates for 2021 according to the Canada Revenue Agency (CRA): 15% on the first $49,020 of taxable income, and 20.5% on the portion of taxable income over $49,020 up to $98,040 and 26% on the portion...
RRSP Contribution Limits: How Much Can You Deposit?
RRSP Contribution Limits: How Much Can You Deposit? Contributions to registered retirement savings plans (RRSPs) reduce the amount of income tax you pay, but there are limits on how much you can deposit each year. Registered retirement savings plans (RRSPs) encourage...
Home Office Expenses: New Deduction Methods
Home Office Expenses – New Deduction Methods New Simplified Deduction Methods, New Taxable Benefit Exception, and Employer Obligations On November 30, 2020, Deputy Prime Minister and Minister of Finance Chrystia Freeland released Supporting Canadians and...