by Ricardo Ardiles | COVID-19, Pharmacy Owners, Reliefs, Staff Pharmacists |
We often get asked by pharmacists who are employees, working at a pharmacy or another business, about whether they can claim home office expenses. The rules for claiming home office expenses are different for employees compared to business owners or self-employed...
by Ricardo Ardiles | Pharmacy Owners, Reliefs, Retiring Pharmacists, Staff Pharmacists |
Canadian pharmacy owners can claim meals and entertainment expenses as business tax deductions, but they need to be legitimate, work-related claims. It’s important to carefully follow CRA guidelines and rules to avoid an audit. What Pharmacy-Related Situations...
by Ricardo Ardiles | Pharmacy Owners, Reliefs, Retiring Pharmacists, Staff Pharmacists |
With awareness about working from home arrangements increasing over the past few years, we have had more self-employed pharmacists asking about how to claim home office expenses, and whether or not it’s worth it. While most pharmacists work the majority of their...
by Ricardo Ardiles | Pharmacy Owners, Reliefs, Retiring Pharmacists, Staff Pharmacists |
The optional Special Employment Insurance (EI) Program for self-employed individuals in Canada is designed to provide support during specific circumstances, such as sickness, maternity/paternity leave, and caregiving responsibilities. Pharmacy owners and self-employed...
by Ricardo Ardiles | Reliefs, Staff Pharmacists |
In 2022, Canada implemented a new luxury car tax. This tax, officially known as the Luxury Tax on High-Value Vehicles, aimed to address the growing issue of wealth inequality while generating additional revenue for the Canadian government. While it also applies to...
by Ricardo Ardiles | Pharmacy Owners, Reliefs, Staff Pharmacists |
Consultative financial services play a pivotal role in shaping the financial future of individuals by providing invaluable help and guidance in areas like tax planning, business planning, and personal financial planning. Financial advice and accounting consultation...
