Newfoundland, Nova Scotia, Ontario, and Prince Edward Island—have combined their provincial sales taxes with the GST, creating the harmonized sales tax (HST), which operates similarly to GST. The process to register and collect HST is the same as GST, so we’ll cover both in this article....
Some provinces have chosen to participate in the HST, which pairs the GST with the PST to create one tax overall. These regions include New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland, Labrador, and Ontario. Therefore, if your small business resides in one of these areas, you ...
Our first house was a 2-unit apartment where we lived in one unit and rented out the other. While it was a little work being a landlord, the rental income offset a large portion of the mortgage payment and we were able todeduct mortgage interest on taxes!). This is an example of “...
Started 2013 and based in Ottawa, Ontario. Welcome Dave and Praj. Praj: Oh, thank you very much. Dave: Hi, how’re you doing? Felix: Good. Good. Thanks for coming on. Yeah, tell us a bit more about your store. What are some of the more popular products that you sell from the ...
(BRO). BRO online registration has a number of advantages. You can also register for other CRA program accounts includingcorporationincome tax, payroll, andimport-export taxes, and, if your business isB.C.,Nova Scotia, orOntario-based, you can transfer directly to the appropriate online ...
Before buying a home it's important to consider the various homeownership costs, such as property taxes, that will impact your budget. Discover which cities in Canada have the lowest property tax rates in this comprehensive guide.
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Wu suggests students have a photo of these documents on their mobile phone and leave a copy with a friend in case they need someone at home to get the original documents while traveling. Scams targeting international students include those related to immigration, housing and taxes. A...
Taxes deducted from your paycheck for CPP are 5.95% in 2023.1If you are self-employed, you pay the employer's portion as well as your own. Understanding the Canada Pension Plan Nearly all individuals who work in Canada are eligible to contribute toward and receive benefits from the Canada Pen...
Learn about pension plans, lump sum and regular payments, taxes, bankruptcy risk, and KEOGH plans. Browse Investopedia’s expert-written library to learn more.