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Check out our Tax Tips with The Mad Accountant
TTT: Learners Grant, Organization for Tax Season, and Car Expenses
This week we are focusing on claiming your vehicular expenses. Did you know that there are five different ways you can do it? Sounds like it should be convenient, but really it's something you have to be careful with. If you do it the wrong way, you could end up owing a lot of money to the CRA!
TTT: CERS & Ontario Small Business Support Grant
There has been a rent subsidy available since March but until September 27 it was only available through your landlord. If they did not choose to apply for it, as a tenant you were SOL. But, as of September 27, there is a new rent subsidy and it is available directly to the tenants!
TTT: Home Office Expenses for COVID-19
This year will be a little bit different for home office expenses. If you are required to work from home in 2020 (as the vast majority of the world was), then you will be entitled to make a claim for home office expenses! This is new for many people and an opportunity to save some money on your taxes.


