Employer Health Tax – Ontario
What is Ontario’s Employer Health Tax? The EHT is a payroll tax paid by employers based on their total annual remuneration. EHT contributions made by an employer are determined by…
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Climate Action Incentive – 2022 Update
What is Climate Action Incentive? CAI is a type of tax credit that you can claim on your income taxes. It was first introduced to residents of Manitoba in 2018. New Brunswick…
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What is T4A? What is T5018?
What is T4A? What is T5018? T4A and T5018 forms are used to record payments made to subcontractors during either the previous fiscal or calendar year. What is T4A?…
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WSIB Premium Rates – Ontario 2022
2022 WSIB Premium Rates – Ontario. The Workplace Safety and Insurance Board (WSIB) has announced that the average premium rate for Ontario businesses will be reduced by 5.1 per cent…
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Minimum Wage Rate – Ontario 2022
Minimum Wage in Ontario Effective January 1st 2022. Effective January 1st, 2022 minimum wage in Ontario will be increasing. Minimum wage is the lowest wage rate an employer can pay an…
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Payroll Tax tables are available – Effective from January 1, 2022 to June 30, 2022.
New Payroll Tax tables are available for 1st January 2022 – QuickBooks Desktop. To do the Update, please complete the below steps: On the Home Page or QuickBooks Menu Bar…
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Income Tax Brackets – T1(Personal) – 2022
Income Tax Brackets – T1(Personal) – 2022 Canada’s inflation surged 4.7% in October, its largest gain in 18 years. The primary cause of inflation was sky-high energy and house prices. To…
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Paying Yourself When Incorporated – Salaries vs. Dividends – Corporate Accounting
Salaries vs. Dividends – Corporate Accounting Small business owners often want to find out, if they should be taking dividends from their corporation or paying themselves a salary. There are…
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