Oren Hoffart CPA

Have you been working from home? Canada Revenue Agency released new guidelines making it easier for employees who have been working from home as a result of COVID-19 to claim home office expenses on their 2020 personal tax returns. This article has everything you need to know, including the details of a new, simplified, no-calculation option. Need to talk to a tax professional? Contact me any time to discuss. [email protected]

One-time payment support for Canadians living with disabilities The Government of Canada has announced a one-time payment of $600 to help persons living with disabilities, in recognition of some of the extraordinary expenses they have encountered during the COVID-19 pandemic. Individuals who are determined to be eligible for the disability tax credit (DTC) or certain other disability-related benefit programs, may be entitled to receive the payment. Canadians living with disa...bilities who are eligible for the DTC but who have not yet applied, will have until September 25, 2020 to do so. For more information on how to apply for the DTC, please visit: http://www.canada.ca/disability-tax-credit. If you want to know more about the One-time payment support for Canadians living with disabilities, please visit: https://www.canada.ca//one-time-payment-persons-disabiliti

Have you been asked to work from home during the pandemic? Wondering if your home office-related expenses will be deductible next tax season? This article should answer many of your questions. If you are still unsure, contact me and we can discuss your situation. [email protected]

The CRA extended deadline for most individuals to file their 2019 taxes is June 1, 2020 which is only days away. Quick!! Call your accountant! (we've been training all year for these final days before the deadline )

2020 Tax Return Filing Deadline Update: The tax-filing deadline has been moved from April 30, 2020, to June 1, 2020. In addition, all Canadians taxpayers will get a penalty-free extension until after August 31, 2020, to pay any taxes owed. Taxes owed are due on September 1, 2020. Businesses are also getting an extension until after August 31, 2020, to pay any corporate taxes owed. The new deadline to pay taxes owed is September 1, 2020.... Still need help filing your income taxes? [email protected]

PM Trudeau is promising a new emergency benefit for students whose education and job prospects are disrupted by COVID-19. He says a $1,250 monthly payment is coming for post-secondary students, running through August, to make up for lost work and cut hours. As well, students will soon be eligible to receive monthly payments of between $1,000 and $5,000 for volunteering in their communities to reward them for their efforts.

Dynamic businesses that embrace change as an opportunity for process improvements and efficiencies will be in the best position to emerge successfully from this challenge. These BDC planning tools and tips can help you map out your next steps, identify new opportunities, mitigate risk and create resilience in your company, so you can emerge strong in recovery.

The Saskatchewan Small Business Emergency Payment (SSBEP) program provides financial assistance to small businesses that have been ordered to temporarily close or substantially curtail operations through the public health orders by the Chief Medical Health Officer of Saskatchewan. The program provides a payment to businesses that can be used for any purpose which may include ongoing fixed costs or reopening once the pandemic is over. For additional information on the program, email [email protected] or call 1-800-667-6102 or 306-787-6645 in Regina.