https://liveyourbiglife.ca/wp-content/uploads/2021/05/Slide1.jpeg405720Live Your Big Lifehttps://liveyourbiglife.ca/wp-content/uploads/2020/07/websiteLogo2-300x81.jpgLive Your Big Life2021-05-09 15:27:052021-05-10 15:27:06The Need for Personal Life Insurance
On April 19, 2021, the Federal Government released their 2021 budget. Our article contains highlights of the various financial measures in this budget, divided into three different sections:
• Business Highlights, including an extension to COVID-19 Emergency Business Supports, new programs to support job creation, and a change in interest deductibility limits.
• Individual Highlights, including details on the tax treatment and repayment of personal COVID-19 benefits (such as CERB), eligibility changes to the Disability Tax Credit, an increase in OAS for those 75 and up, and support for job skills retraining.
• Additional Highlights, including a proposed federal minimum wage of $15, changes to the GST New Housing Rebate conditions, and new or increased taxes in areas such as luxury goods, tobacco, and Canadian housing owned by non-resident foreign owners.
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Tax season is upon us once again. But since 2020 was a year like no other, the 2021 tax-filing season will also be different. Due to all the changes in both where and how Canadians worked, the Canadian government has introduced some new tax credits and deductions to keep pace with these changes. Our article covers all of the following:
• How to claim home office expenses
• The new Canada Training Credit
• Pandemic emergency funds
• New digital news subscription tax credit
https://liveyourbiglife.ca/wp-content/uploads/2021/04/Whats-new-for-the-2021-tax-filing-season_.jpg281500Live Your Big Lifehttps://liveyourbiglife.ca/wp-content/uploads/2020/07/websiteLogo2-300x81.jpgLive Your Big Life2021-04-02 06:00:002021-04-02 06:09:19What’s new for the 2021 tax-filing season?
The Need for Personal Life Insurance
/in Blog, Individuals, insurance, life insurance /by Live Your Big LifeAt different stages of life, the need for life insurance will vary, here’s a list of reasons for life insurance.
Federal Budget 2021 Highlights
/in 2021, Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, corporate, Debt, Family, financial advice, financial planning, incorporated professionals, Individuals, personal finances, Professional Corporations, Tax /by Live Your Big LifeOn April 19, 2021, the Federal Government released their 2021 budget. Our article contains highlights of the various financial measures in this budget, divided into three different sections:
• Business Highlights, including an extension to COVID-19 Emergency Business Supports, new programs to support job creation, and a change in interest deductibility limits.
• Individual Highlights, including details on the tax treatment and repayment of personal COVID-19 benefits (such as CERB), eligibility changes to the Disability Tax Credit, an increase in OAS for those 75 and up, and support for job skills retraining.
• Additional Highlights, including a proposed federal minimum wage of $15, changes to the GST New Housing Rebate conditions, and new or increased taxes in areas such as luxury goods, tobacco, and Canadian housing owned by non-resident foreign owners.
What’s new for the 2021 tax-filing season?
/in 2021, Blog, Tax /by Live Your Big LifeTax season is upon us once again. But since 2020 was a year like no other, the 2021 tax-filing season will also be different. Due to all the changes in both where and how Canadians worked, the Canadian government has introduced some new tax credits and deductions to keep pace with these changes. Our article covers all of the following:
• How to claim home office expenses
• The new Canada Training Credit
• Pandemic emergency funds
• New digital news subscription tax credit