Tax Tips and Traps Newsletter – 2nd Quarter

Kenway Mack Slusarchuk Stewart LLP Chartered Professional Accountants, Chartered 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 ticklers
• Immediate capital asset write-off
• Canada Recovery Hiring Program (CRHP)
• Extended wage and rent subsidies
• Beneficial ownership of corporations
• Rental properties
• COVID-19 benefits for individuals
• Taxpayer relief
• Guaranteed income supplement