Based on your (AMWA) average monthly withholding amount from the two calendar years. Your AMWA will be the total of (CPP), Canada Pension Plan, and (EI), Employment Insurance, and the Income Tax you need to remit for the year, divided by the number of months(Max 12). Quarterly Remitte...
When terminating employees in Canada, employers are required to adhere to a ‘reasonable’ notice period, or a payment in place of notice. The minimum notice period varies by location, and may be stipulated in an employment contract. Several factors may be considered when determining a ‘reasonab...
We’ve been receiving this benefit since the Trudeau administration has been in power (2016), and I’m always tinkering with ways to max out this benefit. It’s worth my time since the CPP clawback basically means that parents in Canada might be paying an effective tax rate of 65%+ on...
Electronic payment setup (one-time fee) Specialized onboarding Remittances to other third parties Pricing 15-day free trial Growth: $3.50 CAD per employee per month (max 3 employees, no base fee) Business Basic: $2.50 CAD per employee per month ($25 CAD minimum per month) Business Plus: $...
Post-dated cheque.This option is also offered by some lenders, usually by those who have physical stores. This method involves you giving the lender a cheque that it can cash on the day your repayment is due. Remember to make note of the payment date since you will need to have the cas...
How much the lender can charge you if you miss a payment How much do payday loans in Ontario cost? The maximum cost of a payday loan in Ontario is $14 for every $100 borrowed. This might not sound all that expensive at first, but you also need to take into account the very short ...
If you own more than 10% of the shares of the company, then Part 4 tax will not apply on the payment of the dividends to you. A T5 slip must also be prepared by February of the year following the year in which the dividends were paid to you. This is a separate filing from ...
retirement savings plan room can join. You decide how much to contribute, and SPP does the heavy lifting of investing and growing that money. When it’s time to retire, your options include getting a lifetime monthly annuity payment based on some or all of your savings. Check out SPP ...