Navigating Payroll as a Canadian Business – September 2024. Understanding the Canadian payroll tax system is crucial to avoiding costly mistakes. When you’re building, hiring, or expanding your business into Canada, one of the biggest challenges you may face is...
Alternative Minimum Tax – does it impact me? Another calculation of your tax payable – and how to plan for it As if regular income tax calculations aren’t complicated enough – now we have to worry about a completely separate, “alternative” way to...
Understanding Canada’s Individual Income Tax Brackets – A Guide For Taxpayers Are you unsure about how your income is taxed? Do you want to understand a bit more about how the personal tax system works in Canada? If so, this article is for you. Enjoy! What are...
Have you ever filed your personal tax returns after the filing deadline? Are you still behind by a year or even longer? Have you ever wondered what happens when you are late? In this quick article, we will outline what happens if you file taxes late, and what some...
The BC family benefit offers eligible families with children under 18 a tax-free monthly payment. These benefits are usually combined with the Canada Child Benefit, and are in addition to it! How do I apply for the BC Family Benefit? If you live in British Columbia...
Here is one unfortunate story of many that happened to a company filing its tax returns. We hope you can learn from it so it does not happen to you. What Happened? A few years ago, the company hired a third-party service provider to file its Form 941 tax returns (a...
