Say your monthly payroll is always $210,000. In the year, that’d mean you have $2,520,000 for your annual payroll, but keep in mind, the first $1 million is exempt from the tax, so from January until May, you wouldn’t pay tax yet. Because your total to that point would only...
Offers an overview on the Ontario Health Premium (OHP), a new level of required funding that became effective on July 1, 2004. Tax imposed on plan sponsors with an annual gross payroll; Other provinces that levy a provincial health premium; Background on the collection mechanism of OHP; ...
If a company has a payroll of $2.5 million per year and 50 or more employees are being laid off over a six-month period, employees may be entitled to an additional one week's pay per year of service. The maximum amount of severance pay that an employee can receive under the Employment...
Financial services including payroll and payment processing and accounting and tax services. Telecommunications andITinfrastructure/service providers 17. Information Technology (IT) services, including online services, software products and the facilities necessary for their operation and delivery. 18. Telecommu...
Running a startupisn’t easy. As the business owner, you need to wear many hats, acting as the accountant,running payroll, and filling in wherever else to get the work done. When your attention is spread across so many areas, you may overlook small problems thatcould turn into legal issu...
Administrative Relief for T4/T4A Reporting: Candidates who do not have a dental coverage plan under the Canadian Dental Care Plan (CDCP) can now keep the box for T4 and T4A slips unchecked for 2024 tax year. However, entrepreneurs must make sure to update their payroll systems for these...
Sales tax, HST, and other government tax filings Draft financial statements Bookkeeping clean-ups and troubleshooting Accounting system set-up Accounting system training On-site and remote bookkeeping services Payroll and employee services including benefits management, ROE’s and WSIB claims ...
CostsUs All JULY 2O1O UndergroundEconomy CostsUs All July2O1O OCSTable ContentsExecutive Summary ReportTechnical Appendix UndergroundEconomy IndirectIndicators UndergroundEconomy ExecutiveOfficers’ RevenueLosses RevenueLosses IncomeTax System GSTRevenue Lost EIContributions Lost EmployerHealth Tax (EHT) Loss ...