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Canada Emergency Wage Subsidy enhanced, CRA announces new T4 requirements

The federal government continues to adjust and clarify various features of the Canada Emergency Wage Subsidy  program, the COVID-19 relief benefit designed to help employers cover a portion of their wage expenditures through the worst of the pandemic. Another round of lockdowns, coupled with a stubbornly challenging economic environment across many sectors, has prompted Ottawa […]

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May tax news: Estate strategies, tuition tax credits–and more

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ESTATES AND THE “PIPELINE” STRATEGY When a person dies, they are deemed to dispose of most…
paid sick days

Ontario launches paid sick days for employees affected by COVID-19

After months of lobbying on the part of the medical community and various labour groups, the Ontario…
parliament of Canada

Federal Budget 2021 extends COVID-19 supports, introduces new taxes

Federal budget 2021, the first federal budget in two years, was tabled yesterday amid doom and gloom…
Canada Revenue Agency

March tax news: CRA red flags, a Netflix tax—and more

TEN COMMON TAX MISTAKES What are the most common areas where Canada Revenue Agency auditors find…

2021 Ontario budget offers billions in relief for hard-hit businesses

Ontario Finance Minister Peter Bethlenfalvy promised to table a provincial budget that would do what…

COVID-19: CEWS, CERS, Lockdown Support rates extended

The federal government today announced that it will extend the rate structures for three COVID-19…

Ottawa won’t require some self-employed Canadians to repay CERB

In the face of widespread confusion, complaints and a looming class action lawsuit, the federal government…
Chefs working at a restaurant

Highly Affected Sectors Credit Availability Program now open

The federal government’s new Highly Affected Sectors Credit Availability Program, a COVID-19 relief…

February Tax News: Income splitting, car expense limits–and more

INCOME SPLITTING AND ATTRIBUTION RULES The Canadian income tax system employs a graduated tax…

Volvo of Mississauga has retained KRP for our corporate and personal accounting services for over 35 years. We have a one-on-one relationship with the people who manage our accounts, many who have been with KRP for years. They know and understand our business and offer creative ideas on how we can grow in new directions.

Robert McMillan
Dealer Principal of Volvo of Mississauga McMillan & Saunders Inc.

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