Irvin Accounting & Tax Services Kitchener
539 King St E N2G2L9 Kitchener, ON, Canada

Happy Easter Everyone.

Professional and Timely Service Walk-in By Appointment Drop-off Pick up Remotely Online... Whichever works for you. Call now 519-578-5781

Tax time is around the corner. Are you behind in filing? Catch up and clear accounting backlog. Let us help. Call ... Mississauga 647-692-7013 Kitchener 519-578-5781 See more

Call 519-578-5781.

We wish you all a healthy, safe and happy holiday season and hope that 2021 brings you all the success you deserve.

New T4 reporting requirements For the 2020 tax year, the Canada Revenue Agency (CRA) will be introducing additional reporting for the T4 slip, Statement of Remuneration Paid. Additional reporting requirements will apply to all employers, and will help the CRA validate payments under the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Response Benefit (CERB), and the Canada Emergency Student Benefit (CESB).... Please note that employers who have already filed their T4 slips and summary for 2020 will not need to refile. How to report employment income during COVID-19 pay periods For the tax year 2020, in addition to reporting employment income in Box 14 or Code 71, use new other information codes when reporting employment income and retroactive payments in the following periods: Code 57: Employment income March 15 to May 9 Code 58: Employment income May 10 to July 4 Code 59: Employment income July 5 to August 29 Code 60: Employment income August 30 to September 26 Eligibility criteria for the CERB, CEWS, and CESB is based on employment income for a defined period. The new requirement means employers should report income and any retroactive payments made during these periods. Example If you are reporting employment income for the period of April 25 to May 8, payable on May 14, use code 58.

On the 11th Hour Of the 11th Day We will Remember.

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