• Businesses need to be registered in Alberta (Indigenous owned businesses that are not registered in Alberta may still be eligible. Please contact the Digital Economy Program Program Coordinator directly).

• Businesses must be considered a small business with 0-49 employees.

• Partnership Returns: March 31, 2022
• Sole Proprietor & Individual Returns: May 2, 2022
• Self-Employed Returns: June 15, 2022
• Corporate Returns:
• These returns must be filed no later than 6 months after the end of the tax year;
• A tax year is the same as a corporation’s fiscal period (e.g., if a corporation’s tax year ends on February 28, the deadline would be August 28).

• If your business has generated more than $30,000 in revenue in the past four consecutive quarters, you will need a GST number and will need to file a GST return;
• Once you have registered a GST number/account, your GST return form (GST34-2) will show a personalized due date at the top of the form;
• GST returns must be filed even if there have been no business transactions or no net tax to remit;
• More information about GST returns can be found on the related CRA webpage.

• Digital News Subscription Tax Credit:
• This new tax credit applies to fees paid for digital news subscriptions from approved media publications – up to $500 in eligible subscription expenses may be claimed.
• For details on this new credit and a list of approved media publications, please visit the related webpage.
• Enhanced Eligible Educator School Supply Tax Credit:
• This was an existing credit that allowed teachers and childhood educators to claim a 15% refundable tax credit on up to $1,000 of eligible expenses – for 2022, this is being changed to a 25% refundable tax credit;
• This credit can apply when supplies were used at home rather than in a daycare/classroom. For more details about this credit, please visit the related webpage.
• Covid-19 & Taxable Benefits/Allowances:
• The Canada Revenue Agency has put together a guide of all taxable benefits and allowances for employers, and has implemented some Covid-19 specific policies for these benefits;
• Applicable benefits include meal costs, cell phone/internet service plans, computer and home-office equipment, commuting costs, and employer-provided parking.
• This webpage provides a list of the new Covid-19 related policies, and the CRA also has a complete guide for employer-provided benefits and allowances.
• Canada Emergency Business Account (CEBA) Loan Forgiveness Repayment Deadline:
• The repayment deadline for CEBA loans to qualify for partial forgiveness has been extended from December 31, 2022 to December 31, 2023.
• If repayment to qualify for loan forgiveness is provided before this deadline, loan forgiveness of up to a third of the value of the loans (maximum $20,000) will be provided.