Tax Tips and Traps Newsletter – 1st Quarter

Kenway Mack Slusarchuk Stewart LLP Chartered Professional Accountants is pleased to provide the following income tax commentary. This commentary does not originate from our office.  Our subscription to the commentary allows for us to distribute it to our clients. We hope you find it useful.

In this issue, topics include:

• Tax Tidbits
• Small Business Air Quality Improvement Tax Credit: Could Your Business Benefit?
• COVID-19 Business Supports: Targeted Measures
• Falsified Employment Records: The Penalties Can be Large
• Corporate Advertising and Promotion Expenses: CRA Increasing Reviews
• Teachers and Early Childhood Educators: Expanded Access to Tax Credit
• Canada Worker Lockdown Benefit (CWLB): Modified Support for Individuals
• Old Age Security (OAS): Clawback Planning