Your COVID-19 Tax Updates

Have you followed our Books In Line Community page yet?


This page was created specifically to keep you in the loop on all COVID-19 updates pertaining to taxes, grants, and more. We’d love if you joined us on that page!

Would you prefer to get these updates emailed to you? Pop in your name and email on our website, and we’ll be sure to keep you informed ➡️

#BooksInLine #COVID19 #Taxes #Bookkeeping

Shaelene’s Tax Tip of the Week – April 29th

As is the standard in much of Canadian Law, the CRA uses a “reasonableness” test to determine their decisions as they relate to business income. In fact, “reasonable” and “reasonably” shows up an astounding 1219 times in our Income Tax Act. If you plan to do something, consider for example whether or not the CRA would think you “reasonably” expected a profit from your undertaking.

Have questions? Send us an email at!