LJ Business Solutions
34744 7th Ave V2S 8C4 Abbotsford, BC, Canada

Trudeau’s April 16 Summary CERB Clarify expansion of CERB, still have to have lost income or job due to COVID, and the $5000 income in 2019, or in the last 12 months Earn $1,000 a month or less, you can receive CERB. Workers who have recently run out of EI since Jan 1 can receive the CERB... Seasonal workers can receive the CERB Expanding CEBA Spent between 20k and 1.5 mill total payroll loan eligibility (Previously 50K - 1 mill in payroll expenses) Commercial Rent Assistance Coming Canada Emergency Commercial Rent Assistance Help provide support for small business owners with rent for April, May and June See more

Is your firm looking at subsidy useage. Just be cautious and avoid this: 34. Are there penalties for non-compliance? Yes. Due to a specific anti-avoidance rule, an employer will not be eligible to claim the wage subsidy for a claim period if the employer (or a person or partnership that does not deal at arms-length with that employer) participates in a plan that has one of the main purposes of effectively reducing the employers qualifying revenues for the current reference... period, in order to qualify for the subsidy. Where this anti-avoidance rule applies, the employer will be liable to a penalty equal to 25% of the amount of wage subsidy that is claimed in its application, and will have to pay back any wage subsidy that it received. If an employer knowingly, or under circumstances amounting to gross negligence, generally makes, or is involved in the making of a false statement or omission in its wage subsidy application for a claim period, the employer is liable to a penalty (commonly referred to as the gross negligence penalty) of up to 50% of the difference between the amount of wage subsidy that it claimed in its application and the amount of wage subsidy to which it is actually entitled. See more

Trudeaus April 16 Summary CERB Clarify expansion of CERB, still have to have lost income or job due to COVID, and the $5000 income in 2019, or in the last 12 months Earn $1,000 a month or less, you can receive CERB. Workers who have recently run out of EI since Jan 1 can receive the CERB... Seasonal workers can receive the CERB Expanding CEBA Spent between 20k and 1.5 mill total payroll loan eligibility (Previously 50K - 1 mill in payroll expenses) Commercial Rent Assistance Coming Canada Emergency Commercial Rent Assistance Help provide support for small business owners with rent for April, May and June See more

Officially a Certified Quickbooks ProAdvisor for desktop..

Always find that you have no time... why not use this time to purge files, prepare that box of shredding...

Support for self-employed individuals Canada Emergency Response Benefit (CERB) Deferral of Sales Tax Remittance and Customs Duty Payments until June More time to pay income taxes We are allowing all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after March 18 and before September 2020. This relief would apply to tax balances due, as well as instalments, under Part I of the Income Tax Act.... No interest or penalties will accumulate on these amounts during this period.

https://www.worksafebc.com//preventing-exposure-to-covid-1

Regarding Personal tax deadlines: the tax deadlines for your 2019 taxes. June 1, 2020 - extended deadline for filing your personal tax return with the Canada Revenue Agency or Revenu Qubec June 15, 2020 - this still remains as the deadline for filing your self-employment return

HIGHLIGHTS OF THE FEDERAL & BC GOVERNMENTS COVID-19 ECONOMIC RESPONSE PLAN PERSONAL PROVISIONS Personal Taxes 1. Filing deadline - extended to June 1, 2020. 2. Payment deadline - extended to August 31, 2020. No interest or penalties will accumulate on...Continue reading

BC Construction Safety Alliance - good information for the construction industry https://www.bccsa.ca/index.php?id=450

https://www.canada.ca//frequently-asked-questions-wage-sub

https://www.canada.ca//reve/campaigns/covid-19-update.html

Important information if you are out of work or needing assistance. BC HYDRO https://infotel.ca//bc-hydro-letting-customers-def/it71244

Had to steal this

https://www.cbc.ca//banks-rbc-bmo-td-mortgage-credit-coron

A bit of information for those out there direct from CRA. Click on the link. https://www.canada.ca//reve/campaigns/covid-19-update.html

Here is a link to information for businesses on Covid-19 Response plan https://www.canada.ca//depart/economic-response-plan.html

Do not accept calls stating CRA and they have suspicious activity on your SIN number..

This from a friend.. BE CAREFUL OUT THERE... SCAMMERS Hello everyone. Just a heads up/warning. I received a letter this week allegedly from Canada Revenue Agen...cy telling me that I owed $2,331.84 in taxes! The 6-page letter looks absolutely legit!!! They have my full address and my entire social security number (SIN). The phone number they provide to call and pay is wrong, but only by the four last digits, which I realized only after cross-checking with the CRA actual website. Please share this with everyone you know. They prey on the vulnerable. It looks REAL!!! I really panicked for a few minutes... I also checked online and realized that other letters similar to this had been sent out recently. See more

Time to find some tax savings? RRSPs or mutual funds.. pm me for contact info.

Need assistance.. PM me for contact information. https://www.youtube.com/watch?v=HRy7txJ5JRw&feature=share

For more information PM me for contact info

Tax time is approaching.. Do you have or need RRSP contributions? These will help to reduce your taxable income.Tax time is approaching.. Do you have or need RRSP contributions? These will help to reduce your taxable income.

So moving forward into 2020 it is always good to know when your next Statutory holiday is - please see attached.

Wishing all a safe and wonderful Christmas Season

Tax time coming up. Make sure to start gathering your receipts. Be them medical, home improvements etc.Tax time coming up. Make sure to start gathering your receipts. Be them medical, home improvements etc.

Always beware..

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Is this your filing system?. Let me help you get organized..