by Roberto Belingueres | Nov 21, 2020 | Articles & Publications
The TFSA new contribution limit for 2021 has been officially released. That limit is $6,000, matching the amount set in 2019 and 2020. With this TFSA dollar limit announcement, the total contribution room available in 2021 for someone who has never contributed and has...
by Roberto Belingueres | Sep 19, 2020 | Articles & Publications
The Canada Revenue Agency (CRA) might have helped you through the lockdown if you lost your job due to COVID-19. The federal government initially announced the Canada Emergency Response Benefit (CERB) that would see qualifying Canadians receive $2,000 per month over...
by Roberto Belingueres | Apr 27, 2020 | Articles & Publications
The Canada Emergency Wage Subsidy (CEWS) supports employers that are hardest hit by the pandemic, and protect the jobs Canadians depend on. The subsidy generally covers 75% of an employee’s wages – up to $847 per week – for employers of all sizes and...
by Roberto Belingueres | Feb 24, 2020 | Articles & Publications
What you need to know before you file? Let’s face it, having a trusted accountant and tax preparer can help to make tax-filing less and less painful even for the do-it-yourselfers.Still, whether you’re outsourcing the work to an algorithm or an accountant, it’s always...
by Roberto Belingueres | Dec 1, 2019 | Articles & Publications
Number of government transfers of records of bank accounts held by Canadian residents to U.S. has been rising The Canada Revenue Agency sent 900,000 financial records belonging to Canadian residents to the Internal Revenue Service in September — nearly a third more...
