Once you've hired people to work for you, one of your responsibilities as an employer is to pay them properly. In Canada, this means complying with the requirements of the Canada Revenue Agency (CRA) and making and remitting the correct payroll deductions. This article will guide you through...
becoming contractually obligated to enter into the transaction. the canada revenue agency only designated its first set of notifiable transactions on november 1, 2023, so the earliest filing due date to report notifiable transactions would be january 30, 2024. for more information, se...
Involuntary Deductions Canada Revenue Agency Tax Deductions (none) Employer Taxes (none) Employer Liabilities (none) Information (none) Balance Initialization (none) Earnings, Supplemental Earnings, Taxable Benefits Earnings classification elements represent earnings for time worked, such as salary and hourly...
A tax return is a form or forms through which annual income, and any tax deductions and credits, is reported to the Canadian Revenue Agency. Siddhi BagweSandra MacGregor Quick Answers to 10 Common Tax Questions Have you ever wondered what inheritance tax is? Or whether your moving expenses...
Sometimes, the two types of workers seem similar, which is why the Canada Revenue Agency (CRA) breaks it down into greater detail with a two-step process. Step 1. Ask the intention of the arrangement when the two parties enter it. Step 2. Ask questions regarding specific factors. For ...
Welcome to the Sri Lankan Accountants Association of Canada (SAAC), a dynamic and growing association comprising Sri Lankan accounting professionals
First, the bottom line changes from time to time depending on your prices, sales, and expenses such as the taxes you pay to the Canada Revenue Agency. It’s possible to increase your sales and prices but still decrease your bottom line, and it’s also possible to reduce your price and ...
my business is in Quebec, what are the forms I am required to submit to the Quebec revenue agency. thanks ibrahim superAmin April 10, 2014 at 6:26 pm Hi Ibrahim, Corporations with a permanent establishment in Quebec must file a Quebec Corporate Tax Return (Form C0-17). This is in ...
For the Bank overall, revenue growth continued to outpace expense growth this year, which resulted in a positive operating leverage of 1.6%, after adjusting for the noted non-recurring items. The Bank's credit portfolios performed in line with our risk tolerances, notwithstanding an increase in ...
There is no need to register separately for GST and HST because both taxes are accounted for under one tax return and are jointly administered by the Canada Revenue Agency (CRA). The HST rates follow. Province HST rate (%) New Brunswick 15 Newfoundland and Labrador 15 Nova Scotia 15 ...