The employee’s province or territory of employment depends on whether or not your employee is required to report for work at your place of business. If your employee lives in one province, but reports to your place of business in… {Read more}
Category: Small Biz Advice
Home Buyers Plan Withdrawals
The Home Buyers’ Plan (HBP) allows first time home buyers to withdraw funds from there registered retirement savings plan (RRSPs) to buy or build a qualifying home (a qualifying home is a housing unit located in Canada, it includes existing… {Read more}
New Initiatives & Innovations
The Government believes that Canada’s entrepreneurs should be able to focus on growing their business and creating jobs. By making use of the CRA’s online initiatives, businesses can access important information and services when it’s convenient for them. With input… {Read more}
Save time–go online!
The CRA’s online services make it faster and easier to handle your company’s tax matters. You, your employee, or your representative can file, pay, and access detailed information about your tax accounts–all online, all at your fingertips. To view all… {Read more}
Less waiting, less hassle, less paper—sign up now for direct deposit
During your summer vacation this year, will you be visiting any of Canada’cities, national parks, or world-class tourist destinations, or will you be enjoying the simple pleasure of lounging by the local pool? Wherever your summer vacation takes you, make… {Read more}
Do You Have To File A Tax Return?
A tax return must be filed if you have to pay income taxes. A tax return must also be filed if you have not repaid all amounts withdrawn from your RRSP under the Home Buyers’ Plan or the Lifelong Learning… {Read more}
Don’t Pay Unnecessary Employment Insurance Premiums
Wages paid to some shareholders and family members are not insurable, and these employees cannot collect employment insurance benefits. a. You may not have to pay EI premiums for employed family members. The Employment Insurance Act S. 5(2)(i) states that… {Read more}
Scientific Research & Experimental Development (SR&ED) Tax Credits
The SR&ED program is a federal tax incentive program, administered by the Canada Revenue Agency (CRA), that encourages Canadian businesses of all sizes, and in all sectors to conduct research and development (R&D) in Canada. It is the largest single… {Read more}
Non-Resident Workers in Canada
Employees in Canada who are not Canadian residents, and who are in regular and continuous employment in Canada, will be subject to the same tax deductions as Canadian residents. These deductions include federal and provincial income tax, employment insurance premiums,… {Read more}
Extension of the electronic filing season
As part of their ongoing efforts to improve electronic filing processes, the Canada Revenue Agency (CRA) is pleased to announce the extension of the electronic filing season for 2011 T1 tax returns. Starting this fall, the electronic filing systems, EFILE Online,… {Read more}