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Small Biz Builder – February 2021

Small Biz - Feb 2021  - In this month's issue: 2021 Automobile Deduction Limits & Expense Benefits Rates for Business, 2021 Indexation Adjustment for Personal Income Tax and Benefit Amounts, RRSP Contribution Deadline & TFSA Limit, Rates and Maximums Chart
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T4 2020 Reporting Requirements

New T4 reporting requirements For the 2020 tax year, the Canada Revenue Agency (CRA) will be introducing additional reporting for the T4 slip, Statement of Remuneration Paid. Additional reporting requirements will apply to all employers, and will help the CRA validate payments under the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Response Benefit (CERB),…
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