The government of B.C. has launched a new program to help corporations recover from the financial impacts of COVID-19. The B.C. PST Rebate on Select Machinery and Equipment is a temporary program that provides a refund of PST paid on qualifying machinery and equipment during the period from September 17, 2020 to September 30, 2021. The program […]

BC has just introduced the Circuit Breaker Business Relief Grant to assist with the recent changes in COVID restrictions. Hospitality and fitness businesses impacted by the March 30th, 2021 provincial health orders will be eligible to receive between $1,000 and $10,000 in grant funding based on the number of employees: No employees: $1,000 1 to […]

The 2020 tax submission deadline is fast approaching. Make sure you’ve submitted your taxes by Friday April 30th to avoid any potential penalties or issues. If you, your spouse or common-law partner carried on a business in 2020 the deadline to file your tax return is June 15th, 2021. However, if you have a balance […]

If you worked from home during 2020 you may be entitled to a tax savings. Due to the exceptional circumstances of the past year, the Canada Revenue Agency has changed the rules for how to claim a deduction on your 2020 personal taxes for working from home. Depending on your eligibility, there are two methods […]

As a part of our promise to better know our clients and for our clients to better know us, we would like to take a moment to formally introduce some of the newer members of our team. First up is one of the wonderful CPA’s at our Cranbrook office, Claire Short. Claire Short, CPA Claire […]

With the New Year, we at Apex Accounting welcomed another new CPA to our Cranbrook team. We are pleased to introduce, Mike Trick. Mike Trick, CPA Mike graduated with a Bachelor of Business Administration from DeVry Institute of Technology in Calgary in 2014, achieving National Honor Roll by finishing in the top 1% in Canada […]

As a part of our commitment to always provide the highest level of service for all your accounting needs, we at Apex Accounting have some exciting news to share with you. We are pleased to inform you that our staff member Brenda Van Der Meer has been promoted to senior manager of our Creston office […]

For employers who received the 10% temporary wage subsidy, it is now time to report to the CRA. 10% Temporary Wage Subsidy and How to Report The 10% temporary wage subsidy, also known as the TWS, was put in place by the government in order to give employers a subsidy equal to 10% of eligible […]

The government has announced changes to the Canada Emergency Wage Subsidy (75% subsidy), with the enactment of legislation on April 11, 2020. See below for details. This is what we know as of April 14, 2020. Canada Emergency Wage Subsidy (75% Subsidy) https://www.canada.ca/en/department-finance/news/2020/04/the-canada-emergency-wage-subsidy.html Employers are eligible if their revenue for March 2020 has decreased by […]

These are challenging times for businesses. With the current circumstances, there are a few measures the government has put in place to try and assist businesses, not-for-profits and charities impacted by the situation. We are striving to provide more information as it becomes available, but as of April 22, 2020, this is what we know. […]