Tax Tips

Tax Tips: First Quarter 2021

We provide tax tips on available benefits, CRA policies, and more.



Canada Pension Plan: Costs are increasing in 2021

  • The maximum pensionable earnings and contribution rate for 2021 have been released.

Canada Emergency Wage Subsidy: Public Listing of Applicants

  • CRA launched the Canada Emergency Wage Subsidy (CEWS) Employer Search, which allows users to search a listing of 340,000 CEWS applicants.

Canada Emergency Wage Subsidy: More COVID-19 Support

  • The Canada Emergency Rent Subsidy (CERS) provides a federal subsidization of expenses associated with both commercial rental payments and property ownership.
  • The deadline for application is 180 days after the end of the qualifying period.

Employees Working from Home During COVID-19: Personal Tax Deductions

  • On December 15, 2020, CRA released guidance on two new options available for employees claiming expenses related to working from home on their personal tax return.
    • Temporary flat rate method – no employer certification required
    • Detailed method – employer certification required

Canada Emergency Business Account: Program Expanded

  • The Canada Emergency Business Account (CEBA) program is intended to support businesses incurring non-deferrable expenses by providing partially forgivable interest-free loans.
  • An amended agreement which certifies that all expenditures under the program are “eligible nondeferrable expenses” is required to be signed.

Underground Economy: Areas of Focus

  • CRA recently discussed one of their top priorities; identifying those involved in the underground economy and ensuring that they are satisfying their tax obligations.

Online Activity: CRA Focus on Video Game Streamers and Online Influencers

  • CRA is reviewing social media accounts to see whether video game streamers’ and online influencers’ income is consistent with paid endorsements and other signs of income online.