MD Tax
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Take a bite out of your busy life. MD Tax can help simplify tax season. Ready to start? https://mdtax.ca/pricing-options/ #CdnTax

Home office expenses for salaried physicians/residents/fellows 2020 year due to COVID19 - There are two options for claiming home office expenses Temporary flat rate method (new method) and Detailed method (existing method). http://ow.ly/N8hC50Dz8aA

Notice: It's time to start thinking about your 2020 taxes! Ready to start? https://mdtax.ca/pricing-options/ #CdnTax

Do you need need to register and file GST/HST? As a physician, registration is required if your GST/HST taxable supplies (non-medical services) exceed $30,000 for four consecutive calendar quarters. Details are here: http://ow.ly/bBdU50D4L6g #CdnTax #GST #HST

"Elliott is always available to answer questions and provides thorough, accurate advice and answers. Hands down best accountant in the city!" - Dr. Kaitlin Dupuis, 2019 #CdnTax

Simplified tax and accounting packages for physicians across all stages of their career. Ready to start? https://mdtax.ca/pricing-options/ #CdnTax

COVID-19 Tax Measures: Extension to the Canada Emergency Wage Subsidy - On July 17, 2020, the Department of Finance announced significant revisions to the Canada Emergency Wage Subsidy (CEWS). The required 30% reduction in revenue under the previous CEWS rules are now eliminated and the new CEWS support will vary depending on the level of revenue decline. https://mailchi.mp//blogphysicianscanadas-covid-19-economi

COVID-19 Tax Measures: Added Flexibility to the Canada Emergency Wage Subsidy - On April 11, 2020, Bill C-14, COVID-19 Emergency Response Act, No. 2. This legislation includes additional flexibility relating to the Canada Emergency Wage Subsidy (CEWS) announced on April 8 (see the blog post from last week). Below is a summary of the new added flexibility and eligibility criteria related to the Canada Emergency Wage Subsidy. https://mailchi.mp//blogphysicianscanadas-covid-19-economi

During the period of March 27, 2020 to April 1, 2020, the Prime Minister announced additional economic and tax measures related to COVID-19. Below are further details on the two new programs: the Canada Emergency Wage Subsidy and the Canada Emergency Business Account. These measures mainly impact self-employed and incorporated physicians with regular employee payroll. https://mailchi.mp//blogphysicianscanadas-covid-19-economi

We hope you and your families are keeping safe during these times. We have been listening to the daily announcements from the Prime Minister of Canada and Minister of Finance. We just posted a new MD Tax blog on the Additional COVID-19 Tax Measures: Canada Emergency Wage Subsidy and Canada Emergency Business Account. These measures impact self-employed and incorporated physicians with regular employee payroll. For more info, visit mdtax.ca/blog

Canada’s COVID-19 Tax and Economic Measures - On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. We have prepared a condensed list of those measures affecting individuals. Check out our blog for more info - https://mailchi.mp//blogphysicianscanadas-covid-19-economi