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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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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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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Corporate Tax – Active Income vs. Passive Income
Active Income Active Business Income (ABI) is income that is generated from a business source and includes any income incidental to your business. For example, if you own a Canadian…
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Important update to correct T4 filings – QuickBooks Desktop
A new release an update to correct how amounts are autofilled in boxes 57-60 on the T4. This new update is targeted for release on February 18th. What happened? Earlier…
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Learn Canadian Payroll and Taxes
Establishing a business and expanding a business are two different aspects! You might feel that you achieved your goal when you are planning to develop your business internationally. So, you…
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