How to make corporate tax payments

Making an interim payment Instructions to pay it online using your company’s debit card: (TD & RBC only) Visit: www.canada.ca/cra-my-payment and click Pay Now. Under the heading Businesses, click Corporation income tax (T2). On the next page, please click Interim … Read More

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Canada Emergency Response Benefit to help workers and businesses

Canada Emergency Response Benefit (CERB) It is a benefit of $ 2,000 ($ 500 per week) for a 4-week period from March 15, 2020, until October 3, 2020. You can apply no later than December 2, 2020. It is a … Read More

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payroll

Temporary Wage Subsidy for Employers

  What is the Temporary Wage Subsidy for Employers? The Temporary Wage Subsidy for Employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency … Read More

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personal tax

Personal tax deadline, tips & tax changes for the year 2017

Canada Revenue Agency (CRA) has started accepting personal tax returns starting February 26, 2018 so we just wanted to take this opportunity to list some important dates, tax tips along with  changes that have taken place in 2017. Deadline: The … Read More

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RRSP

RRSP Deadline, Contribution Limit & Tax Consequences

Today is the last day you can make a contribution to your RRSP to reduce your 2017 tax liability. With the deadline upon us, we thought we’d write a detailed blog explaining what exactly an RRSP is, the contribution limit, … Read More

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minimum wage

Minimum Wage in Ontario increases to $ 14 an hour today.

General Minimum Wage in Ontario is now $ 14 per hour The new legislation that increases minimum wage in Ontario from $ 11.60/hour to 14/hour takes effect today. The minimum wage will increase again to $ 15/hour on January 1, … Read More

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Minimum Wage in Ontario Increases to $ 11.60

Effective October 1, 2017, Ontario has increased its general minimum wage rate from $ 11.40 per hour to $ 11.60 per hour. Special minimum wage rates that apply to liquor servers, students under 18,  and homeworkers will also increase at … Read More

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tax credits

Tax tips and credits that can save you thousands!

Below is a summary of tax changes and credits that taxpayers should keep in mind while doing their 2016 taxes. File a Tax Return If you have earned income in 2016, you should file a tax return even if you … Read More

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uber

Budget 2017: Uber Tax, Public Transit Credit & Other Tax Changes

Uber Tax (GST/HST): In an effort to “reflect changes in the economy,” the Liberal government will “amend the definition of a taxi business under the Excise Tax Act to level the playing field and ensure that ride-sharing businesses are subject … Read More

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tax credits

February is T4 Month

February is upon us and as usual the Toronto Male Leafs likely won’t be making the playoffs once again. The other bad news is it’s time to file your 2016 T4s and T5s. A T4 needs to be completed and filed … Read More

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