Manitoba’s premier has provided new information on the province’s COVID-19 vaccination campaign.
Continue reading “Pallister updates on vaccine rollout, including ramp-up in personal care homes”Author: EDP-Winnipeg
Happy Holidays from EDP-Winnipeg
EDP-Winnipeg would like to wish a very happy holidays to all of our clients, supporters and anyone who follows our news bulletin.
Our staff is taking a break starting Dec. 24, 2020 and will return to the office on Jan 5, 2021.
We know this year is not ideal with the pandemic affecting every aspect of our lives, but we hope everyone has a safe, happy, and healthy holiday season!
Futurpreneur News Updates
An organization that helps young entrepreneurs has released its final news bulletin of 2020.
Futurpreneur Canada has released information on a number of different topics that are pertinent to our clients and entrepreneurs across the country, including:
- Marker Cube: a hub for small businesses based out of Vancouver that is similar to the Manitoba Technology Accelerator, which houses the EDP-Winnipeg offices
- Rock My Business Series: a free three-part workshop specifically designed for entrepreneurs between the ages 18-39. The topics include developing your business, working on a plan of action and making sure the money comes in
- RBC’s Outlook for small businesses in the midst of a global pandemic, and;
- Mental Health in the workplace and how the pandemic is affecting people both mentally and financially
Stay tuned to our news section for more information important to your business.
CRA Simplifies Working From Home Tax Reduction
With unprecedented amounts of people working from home due to the COVID-19 pandemic, the Canada Revenue Agency (CRA) has made it easier for people to claim the home office expenses deduction.
Minister of National Revenue Diane Lebouthillier said in a release that people who spent more than 50 per cent of their time working from home over a period of at least four consecutive weeks in 2020 due to COVID-19 are eligible to claim the deduction up to $400. The government has decreased the qualifying period for the deduction.
The CRA is also making it easier for anyone with larger home office expenses claims to keep using the current method to claim a deduction.
The government says:
A new temporary flat rate method will allow eligible employees to claim a deduction of $2 for each day they worked at home in that period, plus any other days they worked from home in 2020 due to COVID-19 up to a maximum of $400. Under this new method, employees will not have to get Form T2200 or Form T2200S completed and signed by their employer.
To simplify the process for employees choosing the detailed method, the CRA launched today simplified forms (Form T2200S and Form T777S) and a calculator designed specifically to assist with the calculation of eligible home office expenses.
Canada Revenue Agency
A CBC News article written by Elizabeth Thompson says the government isn’t sure if they will extend the tax credit to people who are forced to keep working from home in the new year.
The article also quotes a Statistics Canada’s Labour Force Survey, that says an estimated 2.4 million Canadians who do not normally work from home were doing so in October.
For more information on working from home expenses go to Canada.ca/cra-home-workspace-expenses.
COVID-19 Vaccine: what you need to know
The Canadian government has already purchased units of multiple COVID-19 vaccines that are either ready to be distributed or are getting close to that point.
Continue reading “COVID-19 Vaccine: what you need to know”Province expands relief for businesses affected by COVID-19
A long list of additional businesses can now access the Manitoba Bridge Grant.
Continue reading “Province expands relief for businesses affected by COVID-19”Women’s Enterprise Centre loan updates
The Women’s Enterprise Centre of Manitoba (WECM) will be deferring loan payments for three months to help women-owned businesses in the province.
Continue reading “Women’s Enterprise Centre loan updates”