S Johnson CPA Professional Corporation

New T4 Reporting Requirements
The CRA has announced that all Canadian employers must report certain employment payments related to COVID-19 on the 2020 T4 slip, "Statement of Remuneration Paid", using new information codes that correlate to defined periods. According to the CRA, this additional information is intended to validate payments made to individuals under the Canada Emergency Response Benefit (CERB) and the Canada Emergency Student Benefit (CESB) programs, as well as payments made to employers under the Canada Emergency Wage Subsidy (CEWS).
Contact us for more information.

Still haven't filed your 2019 taxes? Don't stress we can help with that!

Let us simplify your accounting and taxation needs! S Johnson CPA Professional Corporation provides full-service accounting and tax services for small and medium sized businesses. We can ensure you remain compliant by providing virtual bookkeeping, preparation of
annual financial statements signed off by a chartered professional accountant and file personal and corporate tax returns electronically to CRA.
Please visit our website www.sjohnsoncpa.ca or call and set up a free consultation today at (705) 796-2962.

S Johnson CPA Professional Corporation – Accounting, Bookkeeping and Tax services Welcome Let us simplify your accounting and tax needs. OUR MISSION OUR SERVICES Welcome Let us simplify your accounting and tax needs. OUR MISSION OUR SERVICES An array of services tailored to your specific needs Accounting Bookkeeping Personal and Corporate Tax Accounting Learn More Bookkeeping Lea...

Don't forget the payment deadline for 2019 income taxes owed is September 30, 2020. If you have not yet filed your 2019 tax return, give us a call and we will be happy to help you.

The tax deadline for sole-proprietors is June 15th.
This means if you or your spouse are self employed, you have until the 15th.

At S Johnson we develop services tailored to your specific business. Have peace of mind knowing that our goal is to ensure that all your financial reports are accurate, delivered on-time and in an easy to understand format. That leaves you to do what you do best – grow your business

- Contact us today

The deadline to file your tax returns has been extended until June 1st, need help?
S Johnson CPA is here to help, allow us to give you peace of mind and to be able to enjoy the simpler things.
Contact us for more details 😊

Help for students!

Due to the economic impacts of COVID-19, students may not be able to secure and retain summer employment, which is needed to manage the costs of tuition and books for the next school year.
The government has just announced a series of measures as part of the COVID-19 Emergency Response Plan that will assist Canadian students and recent graduates.

1. Canada Emergency Student Benefit (CESB)
Post-secondary students and recent graduates who are not eligible for the Canada Emergency Response Benefit (CERB) or Employment Insurance, and are unable to find full-time employment or unable to work due to COVID-19, will be eligible to receive $1,250 per month from May through August 2020. Eligible students with dependents and those with permanent disabilities will receive $1,750 for the same period.

2. Canada Student Service Grant
Students may receive up to $5,000 to support post-secondary education costs in the fall for their contribution to the COVID-19 efforts through the “I Want to Help” platform.

3. Enhanced Student Financial Assistance for Fall 2020
Changes will allow more students to qualify for support and be eligible for greater amounts, including doubling the non-repayable Canada Student Grants.

4. Expanded Student and Youth Programs
The government is expanding support to various youth employment programs through increased wage subsidies, expanded eligibility and new flexibilities for employers, to support student job placements.

Follow this link to see what CPA Ontario is doing to help our healthcare workers. I am proud to be a member of CPA Ontario and to be volunteering with this program.

https://www.cpaontario.ca/accounting-for-bravery

Accounting for Bravery | CPA Ontario To help support healthcare workers who are on the frontlines battling COVID-19, CPA Ontario is launching its Accounting for Bravery initiative.

I have received some questions with regards to the CERB payment and thought I would provide some clarifications.

If you are applying for CERB for the first time and are not sure where to apply, answer the questions below.

Based on your main source of income last year – were you:
1. Self-employed - if so, apply through CRA
2. Employee – Full-time (worked more than 30 hours per week) - if so, apply through Service Canada and the EI program
3. Employee – Part-time – for at least 8 months last year - then apply through the EI program with Service Canada
4. Employee – Part-time – for less than 8 months last year - then apply through CRA

You are only eligible to apply for CERB once, either through CRA or the EI program through Service Canada.

It's now easier to contact S Johnson CPA Professional Corporation.

S Johnson CPA Professional Corporation updated their website address.

S Johnson CPA Professional Corporation updated their business hours.