January 11, 2021 There are a number of deadlines quickly approaching for the Canada Emergency Wage Subsidy (CEWS) and the Temporary Wage Subsidy (TWS). You may miss out on these important subsidies if you apply late. In addition, there are several reporting deadlines approaching that will impact all employers, even those that did not receive…

Read More

December 23rd 2020 Dear Valued Wilkinson & Co. Clients, As the province enters a lockdown on December 26, 2020, we will be making the following changes to our operations to ensure compliance and public safety. We will continue to provide high-level service to all our clients while lowering the levels of social contact that may…

Read More

December 22, 2020 Employees may be able to claim a home office expense if they worked from home due to the pandemic. In 2020, many employees that do not normally work from home did so either because their normal workplace was closed, they needed to care for family members or, were isolating due to health…

Read More

The Partners and staff at Wilkinson & Company LLP are proud to announce that Mitchell Tomlin, Paulina Uy, Hardik Patel, and Bradley Limin have passed the CFE, the last milestone in completing the academic requirements leading to the CPA designation. A national three-day exam, the CFE assesses candidate competencies, including knowledge, professional judgement, and ethics. Valued members…

Read More

The Partners of Wilkinson & Company LLP are pleased to announce that Zach Kruger CPA, CA, will be admitted to the partnership on January 1, 2021. Zach is a product of a strong development program at Wilkinson & Company LLP.  He began with the firm as a co-op student in May 2007 and transitioned to…

Read More

Jennifer Fisher’s retirement from Wilkinson and Company later this month will cap more than 40 years of dedicated service to her many clients in the Kingston and Quinte region. In addition to helping with all their accounting needs, Jennifer has been a ‘financial sounding board’ and trusted advisor to business owners, not-for-profit organizations and professionals,…

Read More

November 27, 2020 This communication is intended to provide you with a detailed update regarding the Canada Emergency Rent Subsidy (CERS), specifically the eligibility requirements and application process. On November 23, 2020, the CRA application for the CERS came online. As noted in our previous communications, this program will be replacing the Canada Emergency Commercial…

Read More

Joining the ranks of a number of government relief programs resulting from the COVID-19 pandemic is the recently announced Canada United Small Business Relief Fund (CUSBRF).   Effective October 26th, 2020, eligible small businesses can now apply under this program for a grant of up to $5,000, in order to reimburse the costs of personal protective…

Read More

Real estate agents would typically be operating as a “sole proprietor”, meaning all commission income earned would be reported on their personal tax returns, subject to their marginal tax brackets.  Due to some legislative changes that occurred this year, a real estate agent now has the ability to incorporate their proprietorship on or after October…

Read More

On Friday October 9, 2020, the government announced expansions of the three flagship business support programs being used to provide assistance during COVID-19.  Significant changes are being made to the following programs: Canada Emergency Wage Subsidy (CEWS) Canada Emergency Commercial Rent Assistance (CECRA), to be replaced with Canada Emergency Rent Subsidy (CERS) Canada Emergency Business…

Read More

Categories

Archives