CPP 2024 and Beyond
For 2024, employee and employer CPP contribution rates will remain at 5.95 per cent, but the maximum pensionable earnings will increase to $68,500, while the basic exemption amount remains at…
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How to Become A Tax Expert: A Roadmap to Mastering the World of Taxation
Becoming a tax expert is a rewarding journey that requires dedication, knowledge, and continuous learning. With the complexities of tax laws and regulations, tax experts play a crucial role in…
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Labour and Employment Standards –Payroll 2023
Minimum Wage | Overtime Pay | Vacation Pay and Entitlement (2023) Labour and Employment Standards – October 1st 2023 Minimum Wage Rates Province Minimum Hourly Wage (October 1st 2023)…
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Payroll Tax tables are available – Effective from July 1st, 2023 to December 31, 2023
New Payroll Tax tables are available for 1st July 2023 – QuickBooks Desktop. Download the latest payroll update anytime while in QuickBooks: Select Update QuickBooks from the Help menu. Go to the Update Now tab. Select Get…
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2023 Federal Budget – Corporate Taxes
On March 28, 2023, the Government of Canada released its Budget: A Made-In-Canada Plan. One major focus of this year’s budget is developing Canada’s green economy by introducing a slate of…
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2023 Federal Budget and You (Personal Taxes)
On March 28, 2023, the Government of Canada released its Budget: A Made-In-Canada Plan.  The following is a summary of highlights from the perspective of Ontario’s business community. The Canadian Dental Care…
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$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…
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10 Tips on how Uber & Lyft Drivers Can Save Tax in 2022?
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…
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New CRA campaign from June to December 2022 – focuses on Personal Services Businesses: Are you ready?
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…
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