2019 Tax Changes Individuals and Families
Change of Use Rules for Multi-Unit Residential Properties
Currently when a property, or part of property, is converted from an income producing property to some other purpose a deemed disposition occurs. Historically, when the entire property was converted into another use is now available for changes in use of parts of the property.
2020 Tax Changes Individuals and Families
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Amounts Received Related to COVID-19
During the year, you may have received federal, provincial, or territorial government COVID-19 payments such as the Canada Emergency Response Benefit (CERB). These amounts are generally taxable and you will receive a slip, such as a T4A or T4E.
Interest Relief on 2020 Income Taxes Owing if you Received COVID-19 Benefits