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Alberta Government’s COVID-19 Economic Response

In addition to Canada’s COVID-19 Economic Response Plan, there have been some changes to Alberta’s economic response. The Alberta government will provide immediate funding and supportive measure for local businesses, employers and employees. Corporate income tax deadline extension Corporate income tax balances and installment payments will be deferred from March 19 until August 31, 2020…

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Canada’s COVID-19 Economic Response Plan: For Individuals and Families

In light of the recent threat of COVID-19 to the livelihoods of  employees, families and self-employed individuals, the Prime Minister announced on March 18th, 2020 the Government of Canada’s COVID-19 Economic Response plan which will provide up to $27 billion in direct support to Canadian workers and businesses. Here are some of the main highlights…

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Meals and Entertainment – When Does it Become A Business Expense?

Meals and entertainment can be a great deduction for many businesses. But what is considered a valid meals and entertainment expense? And to what extent can you claim this deduction? See below! Generally, the meals and entertainment expense are food, beverage and entertainment expenses incurred by the business. To qualify, these outings must be with…

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Employment Insurance (EI) for Barbers and Hairdressers

If you own a barbershop/salon, chances are you have contractors/self-employed barbers/hairdressers working with you. There has been changes specifically for contractors this industry when it comes to Employment Insurance (EI). Under the Insurable Earnings and Collection of Premiums Regulations, it is now required the employer to withhold and remit EI for any barber/hairdresser if their…

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