Our Blog
Our blogs and newsletters bring you the latest from our firm, along with expert accounting advice, reminders, and insights to keep your personal and business finances on track.
Newsletters
August 2021
The federal government announced the new National Day for Truth & Reconciliation statutory holiday. Created for all federal employees, it will take place on September 30, 2021. This day recognizes & commemorates the legacy of residential schools. Previously...
July 2021
As of June 28, 2021, Processing Review letters are starting to be sent out by Canada Revenue Agency (CRA). These relate to the personal income tax returns for 2020. The letters will either be mailed out or in your CRA MyAccount if it is set up for...
June 2021
In the 2021 Budget, the Federal government proposed a new subsidy called Canada Recovery Hiring Program (CRHP). If you were to qualify, this could help you pay wages for eligible employees. But you cannot claim both CRHP & CEWS. See our newsletter for more detail...
Blogs
MyAlberta Digital ID
Have you heard of MyAlberta Digital ID? This is an account that lets you prove your identity online without paper documents or face-to-face visits. It gives you access to multiple government sites & services, while protecting your information and privacy. Here is...
Small Business Deduction Reviews
Our team at Gadowsky & Associates LLP has seen an increase of corporate post assessment reviews from Canada Revenue Agency in regards to claiming the small business deduction. In order to claim this deduction on your corporate tax return, your corporation must...
Government Wage Subsidies
Canada Emergency Wage Subsidy (CEWS) Have you seen a drop in revenue during the COVID-19 pandemic? You may be eligible for a subsidy to cover some of your employee wages. This will assist you as you start re-hiring & get your business back into normal operations....
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