News | LFG Partners CPA Firm Vancouver

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Apr 1
1 min

SME Business Recovery Grant

The Small and Medium Sized Business Recovery Grant offered by the Province of BC provides grants up to $30,000 to ensure they have the...

Feb 5
2 min

Employee Home Office Deduction

During the pandemic people have been working from home . The Canada Revenue Agency (CRA) introduced a new temporary flat rate method...

Dec 18, 2020
1 min

Government Expands Canada Emergency Business Account (CEBA) Loans

Eligible businesses facing financial hardship as a result of the COVID-19 pandemic can now access a second CEBA loan of up to $20,000....

Dec 8, 2020
1 min

Congratulations to our successful CFE writer!

On November 27, 2020, it was announced that one of our employees successfully wrote and passed the CFE (Common Final Examination) in...

Nov 25, 2020
2 min

Canada Emergency Rent Subsidy (CERS)

The Canada Emergency Rent Subsidy (CERS) will provide rent and mortgage support to small businesses affected by COVID-19. The subsidy...

Nov 2, 2020
2 min

Subsidies Update

Canada Emergency Rent Subsidy The government announced a new Canada Emergency Rent Subsidy, which would provide rent and mortgage...

Sep 18, 2020
1 min

CRA Tax Breaks

The federal government rolled out new tax breaks this year. There are three breaks which would be benefit those who have been hit hard...

Aug 25, 2020
1 min

Extension for Canadian Emergency Wage Subsidy

The CEWS has been extended to November 21 with a possible extension till December 31. In addition, there are changes in the program to...

Apr 14, 2020
5 min

Canada Emergency Wage Subsidy

The new Canada Emergency Wage Subsidy (CEWS) provides a 75% wage subsidy to eligible employers

Apr 1, 2020
2 min

Canada’s COVID-19 Economic Response Plan (Updated April 1st)

The Government of Canada is taking action to protect our economy, health, safety, and jobs of Canadians during the global COVID-19...

Mar 23, 2020
2 min

Canada’s COVID-19 Economic Response Plan

The Government of Canada is taking action to protect our economy, health, safety, and jobs of Canadians during the global COVID-19...

Oct 30, 2019
2 min

Changes to the Small Business Venture Capital Tax Credit Program

The British Columbia Budget 2019 introduced several changes to the Small Business Venture Capital Act (SBVCA) and the Income Tax Act: 1....

Oct 10, 2019
3 min

Federal Budget Bill C-97 Changes

On June 21, 2019, the Government passed bill C-97, which included changes to several income tax measures: Corporate Tax Changes...

May 28, 2019
1 min

Federal Budget SR&ED Changes

The federal budget for 2019 included a change that provides easier access to the enhanced federal ITC rate of 35% on SR&ED credits. If...

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