by Sebastien Prost, CPA | Feb 1, 2024 | Payroll
Filling out the TD1 and TD1BC forms is an important annual task for employees in Canada. These forms determine the amount of tax to be deducted from an individual’s income, ensuring that the correct tax amount is withheld by employers throughout the year. The...
by Sebastien Prost, CPA | Jan 13, 2024 | Payroll
Payroll tax management is a pivotal part of operating a small business in Canada, requiring precision and knowledge of current tax laws. For small business owners, the ability to accurately calculate and remit payroll taxes is key to maintaining company health and...
by Sebastien Prost, CPA | Jan 10, 2024 | Payroll
The Employer Health Tax (EHT) is a payroll tax imposed by the provinces of Ontario and British Columbia on employers. This tax is levied to fund their respective provincial health care programs, ensuring that medical services are provided to residents without direct...
by Sebastien Prost, CPA | Nov 27, 2023 | Payroll
Calculating vacation pay for salaried employees in Canada involves understanding the specific labor standards and regulations that apply to various jurisdictions. Generally, salaried employees are entitled to a minimum period of vacation each year, which corresponds...
by Sebastien Prost, CPA | Sep 30, 2023 | Corporate Tax, CRA, Payroll, Personal Tax
Determining whether someone is an employee or a contractor is a key decision for businesses and workers alike as it carries significant legal, tax, and financial implications. Employees typically have a higher degree of financial and professional dependence on the...
by Sebastien Prost, CPA | Sep 21, 2023 | CRA, Payroll, Personal Tax
Self-employed individuals in Canada have the option to enroll in the Employment Insurance (EI) program to gain access to EI benefits. Unlike salaried employees, whose employers typically handle EI premium deductions automatically, self-employed people must actively...
