CRA tax tips for the self-employed

Author: External Author | May 12, 2021 | Categories: Accounting Firm , Accounting Services , Bookkeeper , Corporate Tax , Payroll Services , Personal Tax , Small Business Accountant , Tax Accountant Edmonton , Tax Services

The agency discussed the impact of Covid benefits on tax returns. In a release on Wednesday, the Canada Revenue Agency (CRA) offered tax tips for the self-employed who received Covid-19 benefits. First up was a reminder that Covid-19 benefits are taxable income, including the:

Canada Emergency Response Benefit (CERB),
Canada Emergency Student Ben
Read More

Original Article Source Credits: Advisor's Edge, https://www.advisor.ca

Article Written By: Staff

Original Article Posted on: April 7, 2021

Link to Original Article: https://www.advisor.ca/tax/tax-news/cra-tax-tips-for-the-self-employed