2021 Third Quarter Newsletter

Our 2021 Third Quarter newsletter can be viewed here and covers a number of important topics including:

• CANADA EMERGENCY RENT SUBSIDY (CERS) …...……….…........ 1
  More Clarification
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  CRA COLLECTIONS ….…......…….. 2
  Potential Impact on Business
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  TRAVEL ALLOWANCES .................. 3
  Limited Distance Covered
•  
  COVID-19 MEDICAL EXPENSES ...... 3
  Tax Treatment
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  CANADA EMERGENCY
  RESPONSE BENEFIT (CERB) ……. 3
  Repayments
•  
  TFSA …………………….................... 4
  Excess Contributions
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  WILL AND BENEFICIARY DESIGNATIONS ………………….…... 4
  Are they current?
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  CRA OR SCAMMER ………..………... 5
  Who is it?
• This publication is a high-level summary of the most recent tax developments applicable to business owners, investors, and high net worth individuals.  Enjoy!