by Susan Ivanovics | Apr 22, 2021 | Personal tax tips, Self-Employed and Small Business
The final days of April are upon us, and that means one thing for many people. The pressure is on to submit your return to the CRA by April 30th if you have not already done so. Business owners and entrepreneurs also need to remit any amount owed to the CRA by April...
by Susan Ivanovics | Mar 3, 2021 | Personal tax tips, Self-Employed and Small Business
You might wonder what’s the difference between an accountant and a Chartered Professional Accountant (CPA). When it comes to hiring one or the other you should be aware of the distinction. Here are 3 things that sets a CPA apart from an accountant: CPAs belong to a...
![[Breaking News] CERB repayment rules have changed for self-employed](https://susanivanovicscpa.com/wp-content/uploads/2021/02/pexels-karolina-grabowska-4476375-1080x675.jpg)
by Susan Ivanovics | Feb 9, 2021 | Self-Employed and Small Business
Did you receive CERB and were confused if you should have received the payments? On February 9, 2021 the federal government announced that self employed Canadians who received CERB may not have to pay it back. Canadians who are worried about having to repay may not be...
by Susan Ivanovics | Feb 9, 2021 | Self-Employed and Small Business
Here’s some good news for small businesses in the arts and hospitality industry. The Canadian Government has identified some of the hardest hit industries due to COVID-19 and created a special stimulus program for these sectors. The incentive program is designed...
by Susan Ivanovics | Feb 2, 2021 | Self-Employed and Small Business
This is a friendly reminder that if you received CERB, CESB, CRB, CRSB, CRCB or enhanced EI Payments in 2020, chances are you will have to pay taxes. What’s the reason? These support payments made to Canadians did not have any tax taken off of at the...
by Susan Ivanovics | Sep 2, 2020 | Self-Employed and Small Business
“Can I claim a vehicle expense for my business if I don’t own the car, but it belongs to my partner?” In my practice as a CPA in Hamilton, I get asked this question by many small business owners. To clarify, “partner” refers to a husband, wife, boyfriend, girlfriend,...
