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2020 Tax Changes Individuals and Families

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

Cloud Accounting and Bookkeeping: The Way of the Future

By 2020, 78% of small business owners will be using cloud accounting; however, many small business owners are not leaping into the cloud for their accounting and bookkeeping needs. Cloud accounting is quickly becoming a reality of the future and should be embraced by the small business owner.