Want to set up online payroll? Here is your guide to registering for payroll online with the Canada Revenue Agency (CRA).
To collect taxes, a small business has to create a GST/HST account with the CRA. However, there is a difference between a small supplier and one that needs to register for a tax account. A small supplier is a partnership, corporation, or sole proprietorship that has made less than $30,...
On the Payroll Employee Setup - Canada window, select the employee and select theDistributiontab. List the departments to distribute to and the percent should add up to 100%. Also on the Payroll Employee Setup - Canada window, select thePAYCODEStab and select the paycode and selectUPDATE. ...
The Canada Child Benefit is a program that helps subsidize the cost of raising kids and offers a generous non-taxable benefit. Lowering your net taxable income is the key to maximizing your CCB payments and it can make a huge difference for higher-earning families and/or for families with se...
You may get phone calls from people posing as Canada Revenue Agency (CRA) officials, claiming you are being investigated for tax evasion or tax fraud. The caller may try to scare you or threaten to arrest or deport you if you don’t pay them. The...
sale of aninvestment asset. The gain is the difference between how much you paid for an investment and how much you received when you’ve sold it and realized a profit. Depending on your circumstances, the Canada Revenue Agency (CRA) will likely require you to pay some tax on your gain....
Allow Vacation Pay Allow Accrue Vacation Units Make sure the income paycode is set up to accrue in units. Follow these steps: Open the Payroll Income Paycode Setup - Canada window: In Microsoft Dynamics GP 10.0, point toToolson theMicrosoft Dynamics GPmenu, point toSetup, point toPayroll -...
Know the tax agency to pay the collected taxes. The CRA website is an excellent sales tax resource. Important: QuickBooks automatically sets all standard and provincial Sales Tax codes based on the company information you enter in the Express Start Interview during company file...
If you don't already have a business, you will need to start one before you can begin importing into Canada. A business number registers you for an import/export tax account with theCanada Revenue Agency(CRA). While you are registering for a business number for an import/export account, ...
The CRA oversees child and family benefits that are paid for by tax dollars, including the Canada Child Benefit (CCB). This benefit is a tax-free monthly payment made to eligible families to help with the cost of raising children up to 18 years of age. Payments through the CCB might inc...