Canada Revenue Agency (CRA) announces maximum CPP contributions for 2025 The Canada Revenue Agency (CRA) has officially announced the updated maximum contributions for the Canada
A full list of all items covered by the two-month GST cut offered by the Government A two-month GST holiday on certain goods and services
Understanding the Advanced Canada Workers Benefit: Support for Low-Income Earners Are you a low-income worker in Canada looking for financial support? The Advanced Canada Workers
A Guide to Understanding the Ontario Trillium Benefit (OTB) Residents of Ontario with low to moderate incomes can receive a tax-free payment called the Ontario
Canadian homeowners who frequently rent properties on Airbnb & other sites must pay a 13% tax when selling it When you sell your house, you
The government has announced significant new support to help small business owners A comprehensive set of measures to support small and medium-sized businesses in their
What is a T5 slip? A Comprehensive Guide What is a T5 slip? As a Canadian resident, the tax season approaching means innumerable forms to
Ontario’s Minimum Wage Set to Increase on Oct 1st, 2024 The minimum wage in Ontario will rise by $0.65 to $17.20 per hour for the most workers as of October 1, 2024. After British Columbia, Ontario now has the second-highest provincial minimum wage in Canada, with a 3.9% increase over the current rate. The following are the new minimum wage rates in Ontario: General Minimum Wage: $17.20 Student Minimum Wage: $16.20 Homeworker Minimum Wage:
How to Use My CRA Business Account to Authorize a Representative Adding an authorized accountant as your representative with the Canada Revenue Agency (CRA) allows
Are You Eligible for Automatic Free Tax Filing with the CRA? Did you know that some Canadians qualify for automatic tax filing service through the
What is a Shareholder Loan? A Comprehensive Guide for Business Owners Introduction As a business owner or self-incorporated individual, managing cash flow effectively is crucial
Canada’s new Digital Services Tax Act is now in force After the measures received Royal Assent on June 20, 2024, Canada’s Governor in Council set