May
21

Federal Budget 2021 Highlights

Budget
The Federal Government announced details of Budget 2021 in April. Budget 2021 showed the projected federal budget deficits as well as key measures to support the government's plans to ensure Canada's robust economic recovery.The projected Federal Budget Deficit for 2020-2021 is $354 billion. For 2021-2022, the project deficit will be $144 billion to $169 billion.Here are the key measures included:A Canada-wide early learning and child care system will be established to provide affordable and high-quality child care. New investments amount to almost $30 billion over the next 5 years to support this measure.Extension of the Canada Emergency Wage Subsidy (CEWS), Canada...
Continue reading
0
May
18

KD is looking for a new team member!

KDlogo
Click HERE to apply! KD PROFESSIONAL SERVICES is a team of professional accountants, tax specialists and strategic planners supported by a dedicated staff and strategic alliances. GUIDED BY A CODE OF HONOR THAT INCLUDES being positive, recognizing personal contributions, being a good steward, doing whatever it takes for the team to succeed and honoring and respecting one another (and more!) we are looking to add an amazing team member as an Accounting Technician (permanent position). RESPONSIBILITIES WILL INCLUDE: · Corporate Year Ends, including: o Review of Bookkeeping o Year-end adjustments to bookkeeping done by our clients and by our internal bookkeeper · Personal...
Continue reading
0
Mar
30

New Credits for Tax Season 2021

Tax_20190102-024808_1
• Home Office Expenses: If you worked more than 50% of the time from home for a period of at least four consecutive weeks in 2020, you may be eligible to claim a deduction for home office expenses in the 2020 tax year.• Canada training credit: If you were at least 26 and less than 66 years old at the end of 2020 and you have a Canada training credit limit for 2020 on your latest notice of assessment or reassessment for 2019, you may be eligible to claim this refundable tax credit for up to half of your eligible tuition...
Continue reading
0
Mar
24

Paper Filing may delay your assessment

36818493_l
COVID-19 may cause significant delays in processing paper returns, as well as delivering notices of assessment and cheques in the mail. The CRA will process paper returns in the order it receives them. Since these delays do not impact processing electronic returns, the CRA encourages you to sign up for direct deposit and file your 2020 return online. This will help you get any refund faster and avoid interruptions to any benefit and credit payments. If you are registered for direct deposit, you will receive your payments without delay. Removal of drop boxes – Due to COVID-19, drop boxes have been...
Continue reading
0

By accepting you will be accessing a service provided by a third-party external to https://kdprofessional.ca/

The KD Blog