Reality Capital Management
205-2200 Martin Grove Road M9V5H9 Toronto, ON, Canada

IS THE CERB TAXABLE? Yes, the CERB benefit is taxable and you will have to declare the income when you file your 2020 tax return in 2021. An information slip will be made available for the 2020 tax year in your CRA MyAccount under Tax Information Slips (T4 and more)

IMPORTANT MESSAGE FOR APRIL 6 2020: As Canadians prepare to apply for the Canada Emergency Response Benefit, please note that they are staggering when you can apply based on your birth month to make sure the system can handle all of the requests. April 6th is open for those with birthdays between January and March The eligibility criteria for the CERB is relatively simple. You must: reside in Canada (be at least 15 years old) and have a Canadian SIN number; have stopp...ed working because of COVID-19 and have not voluntarily quit their job; had income of at least $5,000 in 2019 or in the 12 months prior to the date of their application; AND are or expect to be without employment or self-employment income for at least 14 consecutive days in the initial four-week period. The CERB will provide a flat weekly amount of $500, paid in four week instalments for up to 16 weeks. This Benefit is available from March 15th, 2020 until October 3, 2020. To call to submit use 800-959-2019/800-959-2041 Calling See more

The Canadian Revenue Agency has set up specific application guidelines based on date of birth for the Canada Emergency Response Benefit, but the government is trying to limit the amount of people applying per day. If you were born between January and March, Monday is your day to apply. People born in April, May, and June can apply on Tuesday. People born in July, August, and September are encouraged to apply on Wednesdays.And anyone who celebrates a birthday in October, November, or December can apply on Thursdays.Fridays, Saturdays, and Sundays will be a free-for-all.

These are what we do for you when you choose us #accountability #accounting #bookkeepingservices

Government of Canada has implemented emergency funds for those who have lost income. We will be happy to assist you if you qualify. #canada #cerb #accountants #cpa

Have you filed your 2019 taxes? We are here to help you.