Today we’ll take a look at how the various Covid-19 support programs, provided to both individuals and businesses, will affect their tax returns. 1. Support Programs for Individuals Several programs were started to support individuals and their families during the Covid-19 pandemic. For most programs, the Canada Revenue Agency (CRA) will be issuing a T4A…Read more
About: Syed A. Raza CPA, CGA
Syed A. Raza obtained his MBA degree in 1993 and has experienced working in various fields that include banking, manufacturing, wholesale, retail, distribution, and public practice. A CPA/CGA and Licensed public accountant with specialization in tax planning and tax-related services, he has effectively done accounting work for both small to mid-size firms in Toronto. If you’re a physician, lawyer, wholesale business owner, restaurateur, a non-profit organization, or any type of corporation, the services of Syed A. Raza Professional Corporation will reduce all the complicated paper work, perform crucial accounting operations, and offer you more ways to focus on your core operations.
Recent Posts by Syed A. Raza CPA, CGA
The Ontario Small Business Support Grant is additional support for small businesses in the province who had to close or restrict their operations because of the Covid-19 pandemic. It was first announced in December 2020 and offers funding of $10,000 to $20,000 to eligible businesses. This will be a one-time grant and is designed to…Read more
As we’ve stated in our previous blogs and newsletters, the Canada Emergency Business Account (CEBA) is an interest-free, partially forgivable loan program started to help businesses as a response to the Covid-19 pandemic. As of December 2020, the program provided funding to more than 700,000 businesses but this proved insufficient to mitigate the economic impact…Read more
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