Taxes are not the most interesting topic to think about, but they are, nonetheless, necessary. This post will discuss Ontario’s Employer Health Tax (EHT) including when the tax applies, how it’s calculated and how it affects your business. So, let’s find out if this one applies to y...
Canadians pay provincial taxes in addition to federal taxes. Your provincial income tax rate is determined by where you live at the end of the tax year. Siddhi Bagwe Tax Credits in Canada: What They Are and How to Use Them If you’re able to claim them, tax credits can reduce you...
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Is there income splitting in Ontario for provincial taxes? Can I use income splitting with my child? Is a spousal RRSP the same as income splitting? Is there income splitting for Canadian dividends? What are the benefits of income splitting? Are there cons or drawbacks to income splitting? Wh...
Is there income splitting in Ontario for provincial taxes? Can I use income splitting with my child? Is a spousal RRSP the same as income splitting? Is there income splitting for Canadian dividends? What are the benefits of income splitting? Are there cons or drawbacks to income splitting? Wh...
The baggage claim looked like a luggage graveyard with hundreds of unclaimed suitcases everywhere!” May 2022 – Mayuri of Canada Crossroads, Canadian resident:“In my province (Alberta, home to the Canadian Rockies) domestic tourism has been flourishing. All the sightseeing spots are open, but ...
Even if your small business isn’t required to register for HST, it does have some advantages. You should take these advantages into consideration. Voluntarily registering for HST allows your business to claim input tax credits. An input tax credit can help you reduce the amount of taxes paid...
BLG was also involved in providing regulatory advice on the development of policies and procedures for Canada’s first investment dealer to offer bitcoin futures and was counsel in one of the first cases in Canada where the court grappled with what cryptocurrency is in law, and how cryptocurrenci...
Surtax. For 2021, the Ontario's surtax is: where the basic provincial tax payable is less than or equal to $4,874, the surtax is $0. where the basic provincial tax payable is greater than $4,874 and less than or equal to $6,237, the surtax is20% of the basic provincial tax pay...
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