| If you are a small business and received any of the COVID-19 emergency relief programs, which include CEWS, CERS, CECRA, CRB, and the Canada Emergency Business Account loan, your tax obligations will be higher, as all subsidies received will be treated as revenue. Call Books In Line at 905-571-2665 if you are feeling overwhelmed or require assistance with your 2020 taxes. |
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As a self-employed professional you can deduct the cost of any business-related courses you take. This includes computer courses, any business courses or any other course/class that can be used to improve your bottom line.
