CRA Archives - FinTech College of Business And Technology

$500 – One-time top-up to the Canada Housing Benefit

What is the Housing Benefit? The government announced the one-time $500 federal boost to the existing Canada Housing Benefit program in the fall, pledging to help those eligible cover the…

CPP – EI Calculations 2022 and 2023

Canada Revenue Agency

10 Tips on how Uber & Lyft Drivers Can Save Tax in 2022?

Canada Revenue Agency

Deductible expenses are what helps lower your tax owing, so be sure to claim all your eligible costs. These include: 1. Mileage The Uber tax summary of total online kilometers…

New CRA campaign from June to December 2022 – focuses on Personal Services Businesses: Are you ready?

CRA

The Canada Revenue Agency is escalating their scrutiny of personal services businesses, and the consequences for breaching these tax rules can be severe. Find out what you need to know…

Labour and Employment Standards –Payroll 2022

CRA

Minimum Wage | Overtime Pay | Vacation Pay and Entitlement (2022) Labour and Employment Standards – June 1st 2022 Minimum Wage Rates are one of the key features of labour…

Depreciation and Capital Cost Allowance – Read for Bookkeeping and Income Tax T2 Courses

Accounting

What is Depreciation? Depreciation refers to the accounting practice dealing with assets as they get older and decrease in value. The Canada Revenue Agency (CRA) lets your business claim a…

Coming Soon ON May 2nd

Canada Revenue Agency

Want to know what’s NEW at Fintech! Get NOTIFIED here.

Employer Health Tax – Ontario

Canada Revenue Agency

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…

Climate Action Incentive – 2022 Update

Canada Revenue Agency

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…

What is T4A? What is T5018?

Canada Revenue Agency

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?…