Now that you know the basics, you’re all set to meet with a Scotia advisor. For your personalized financial plan, find an advisor and book a meeting at a branch near you. Get adviceGo to Get advice page Related articles What happens if you don’t file your taxes in Canada? Learn...
Here’s an overview of the percentage of your paycheck withheld for federal taxes, why so much comes out of your pay, where that money goes, and what can be done to change the deducted amount. What portion of my paycheck is withheld for federal deductions? The largest withholding is u...
Is a tax refund in your future? If so, we've got some savvy tips for what you could do with it.
such as the forms covered above. To speed up this process, consider keeping all of your supporting paperwork for your taxes in a single and secure location. This helps to keep your tax documentation organized and easily accessible when it comes time to prepare your taxes each year. ...
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Owner’s compensation: $1,600 (to pay yourself) Operating expenses: $1,600 (to cover expenses) Taxes: $600 (to pay taxes) Profits: $200 (to take as profit) How much you put into each category is flexible, and will depend on the realities of your business. No matter how much you’...
*Per month for 1 line plus taxes and fees with Auto Pay and paper-free billing for 36 months, when you bring your own device. BYOD: $15/mo promo credit for Unlimited Ultimate or $10/mo promo credit for Unlimited Plus and Unlimited Welcome applied to account over 36 mos. for new custo...
Strategies for Paying Down your Mortgage Faster in Canada As previously mentioned, we paid off our mortgage at a fairly rapid pace, here are some of the strategies that we used: Set a Goal– I had a goal to pay off the mortgage before the open term was up which was 3 years. What wo...
(HST), which is a combination of federal and provincial sales taxes. While customers pay these taxes directly through their transactions, businesses are responsible for collecting and remitting them. Provinces and territories in Canada might also levy their own provincial sales tax (PST) or retail ...