This year has been unusual, to say the least, and the upcoming tax season is sure to follow suit. New government benefits such as the Canada Emergency Response Benefit (CERB) and the Canada Emergency Business Account (CEBA) will yield unfamiliar territory for many Canadians. Effective September 3rd, the Canada Revenue Agency has also made changes to medical related travel expenses, moving expenses and meal allowances. The article below “Tax Tips & Traps” by Video Tax News Inc. not only touches on these changes but also offers advice with regards to starting CPP, claiming business expenses, rolling over RRIFs and RRSPs and more. If you have any questions about these changes or anything else tax related, please give us a call at (403) 478-3448 or fill out the form on our “Contact Us” page.
