TAXES FOR INTERNATIONAL STUDENTS IN CANADA
If you are an international student in Canada, it is important that you understand the Canada Tax System, know what your rights and...
CANADA’s TOP FIVE (5) TAX BENEFITS
I. CANADA CHILD BENEFIT (CCB) The Canada child benefit (CCB) is a tax-free monthly payment made to eligible families to help with the...
EMPLOYER HEALTH TAX and COVID-19 UPDATES
WHAT IS THE EMPLOYER HEALTH TAX (“EHT) Employer Health Tax (EHT) is a payroll tax on remuneration paid to employees and former employees...
REGISTERED RETIREMENT SAVING PLAN (“RRSP”)
WHAT IS A RRSP? A Registered Retirement Savings Plan (RRSP) is a retirement account that’s existed since 1957. RRSPs were introduced by...
ALL ABOUT TAX-FREE SAVING ACCOUNT
WHAT IS A TAX- FREE SAVING ACCOUNT (“TFSA”)? Individuals who are 18 years of age or older and who have a valid Social Insurance Number...
RENTAL INCOME VS BUSINESS INCOME
WHAT IS THE DIFFERENCES BETWEEN RENTAL INCOME and BUSINESS INCOME: Income from a business and income from property are subject to...
INDIVIDUAL TAX NUMBER (ITN) FOR NON-RESIDENTS
WHAT IS INDIVIDUAL TAX NUMBER (ITN)? Individual Tax Number is a nine-digit number issued to Non- Resident individuals who need an...
NON-PROFIT ORGANIZATION
NON- Profit ( NPO) Organization: An NPO is a club, society, or association that is not a charity and that is organized and operated...
ALL ABOUT WSIB
WHAT IS WSIB: The Workplace Safety and Insurance Board (WSIB) is an independent provincial agency which provides compensation and...
5 IMPORTANT ITEMS ABOUT PAYROLL ACCOUNT FOR YOUR BUSINESS
1. BE AN EMPLOYER: Canada Revenue Agency (CRA) generally consider you to be an employer if you pay salaries, wages, bonuses, tips or...
