Garnish wages, if necessaryGarnish wages refer to a situation when an employer directly pays an employee’s specified portion of salary to the government, Canada Revenue Agency (CRA), or a person designated by the government by a court order. ...
So if two employees are getting paid the same rate and same number of hours, their tax calculations would be different if one employee is a new hire, and the other employee is not and has pay history. Refer to the information in the CRA’s handbook. The calculations are in the GP ...
If you’re an employee, whether you work full time or part time, your last pay stub of the year can give you a good idea. Each stub shows both your gross and net pay for the current pay period, as well year-to-date totals. Compare the total year-to-date pay on your final pay ...
Employee Retention Tax Credit (ERTC) Claims Under Scrutiny: Key IRS Developments Explained Read More Insights July 8, 2024 New York Credits and Incentives in 2024-2025 Budget Read More Insights June 26, 2024 New Jersey Emerging Developers Grant Program: A Financial Boost for New Jersey’...
Let me break it down for you. Does my business need to pay EHT? Do you have an employer-employee relationship and pay your employee? Your payroll is subject to Ontario’s EHT. Here’s a breakdown of employers who have to contribute to EHT: ...
s contribution on account of employment insurance is capped at a maximum of CA$1,468.77 per employee for 2023. Employees are also liable to make employment insurance contributions to a maximum of CA$1,049.12 in 2024. The employer is responsible for withholding the employees’ employment insurance...
provides services as an employee through a corporation, rather than professional services. In general, a professional corporation may be considered to be carrying on a “personal services business” if the individual could be reasonably regarded as an employee of their client, but ...
In its April budget, the Ontario government committed itself to ensuring “a more sustainable postsecondary sector” and “employee renewal.” The details of the government’s plans are not yet known. However, a discussion paper released earlier this year reported that “the ministry is giving co...
Why is this important? Because hours worked as overtime are insurable. Meaning that they count towards calculatingEmployment Insuranceand, therefore, they form a part of the benefits your employee would get if there was aninterruption in their employment. ...
it spent in the final three months of 2023, and were its second-highest ever — though the company said its all-time record of $3.8 million spent in the third quarter of 2023 was largely due to “a unique settlement of Restricted Stock Units that are...