Life Stages – Watershed Financial Solutions

Working with you at every stage of your life.

Extended COVID-19 Federal Emergency Benefits

February 22, 2021

On Friday, February 19, 2021, Prime Minister Justin Trudeau announced an extension to: - Canada Recovery Benefit - Canada Recovery Caregiving Benefit - Canada Recovery Sickness Benefit - Employment Insurance

Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipients

February 12, 2021

Great news for some ineligible self-employed Canadians who received the Canada Emergency Response Benefit (CERB)

Government of Canada to allow up to $400 for home office expenses

December 29, 2020

For the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400.

Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now

December 7, 2020

Finance Minister Chrystia Freeland recently provided the government's fall economic update. It included information on the government's strategy for dealing with the COVID-19 pandemic and its plan to help shape the recovery. We've summarized the highlights for you: • Corporate Tax Changes, including extensions to subsidy programs. • Personal Tax Changes, including additional Canada Child Benefit Plan payments and a new "Work from home" tax credit. • Indirect Tax Changes, including the proposal to charge GST/HST on services provided via digital platforms, as well as the temporary removal of GST/HST on face masks and shields. For business owners, as of December 4th, the CEBA loan has been expanded by an additional $20,000.

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About Watershed Financial Solutions

Watershed Financial Solutions was formed to assist clients in the much-needed preparation for an uncertain financial future. We strongly believe and implement a holistic approach in our business practices. Any solid approach needs to listen and take the client’s entire situation into account before making any recommendations. Whatever your experience is with money we come along side to help with wealth accumulation, legacy building, estate transfer, or business protection. A structured approach will always serve the client best. Our passion is to identify the issues and solve the problems people face when making the necessary decisions to ensure their financial future.

Working with you at every stage of your life.

Retirees

Preparing for Retirement

Maturing Families

Growing Families

Starting your career

Related Articles for Every Stage of Your Life

Extended COVID-19 Federal Emergency Benefits

Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipients

Government of Canada to allow up to $400 for home office expenses

Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now

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