As you would for wages and salaries, employers must also deduct income tax, CPP, and EI from commissions. How overtime, commission and bonuses impact tax codes Overtime, commission and bonuses are taxable income. They’re treated as normal wages from which to deduct tax, CPP contributions, a...
Procurement staff who want to become a procurement consultant will find that candidates with the Certified Procurement Professional (CPP®) certification are preferred by employers. This designation has international and industrywide recognition and is becoming an industry standard. Graduates have a combin...
Pensionable earnings are used to calculate the amount of CPP contributions due to the CRA. It’s important to remember thatCPP contribution rates, maximums and exemptionsare updated annually. With that in mind, always check for updates from the CRA or, better yet, use a payroll software likeW...
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However, there are nuances to the tax laws that will allow you to determine if it is worthwhile to import. Learn how to calculate your duties prior to making that crucial decision with the cross-border shopping duty & excise taxes guide.Tax forms...