Owners of corporations can pay themselves with wages, dividends, or a combination of both. A common question for these owners is what is the best way to pay themselves. There are advantages and drawbacks to both, and it depends on …
The new year is here, which means it’s time to start thinking about your personal taxes for 2020. Stay a step ahead by preparing documents required for the upcoming tax filing. Here are the top things you need to consider:
A reminder that if you are claiming other employment expenses, the following documentation should be kept on hand in case of CRA review: a daily record of your expenses, together with your receipts and any cancelled cheques any ticket stubs …
In an effort to ease the financial stress and burden on working parents during the Covid-19 pandemic, the Government of Alberta has introduced a new one-time benefit called the Working Parents Benefit.
There are many factors that influence what your CPP payment will be including: How old you are How much per year and how many years you contributed How much you earned on average during your working life In 2021, the …
Canada Recovery Hiring Program Recently, the federal government proposed a federal budget that included a new support program for businesses impacted by the COVID-19 pandemic. This new support program is the Canada Recovery Hiring Program (CRHP). The intention of this …
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