If you have a dependant with an impairment in physical or mental functions, you may be eligible to claim an additional amount of $2,058 for one or more of the following amounts:
Family caregiver amount (FCA)
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Month: January 2013
How to determine the GST/HST rate for inter-provincial sales of goods
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In order to determine the relevant rate of GST or HST to charge on a particular supply, you must first determine the province in which the supply is made. The rules that are used to determine the province in which the supply is made are referred to as place of supply rules.
Basic payroll information for employers
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As an employer, you are responsible for making regular deductions from your employees’ remuneration. You have to remit the deductions along with your share of contributions to the Canada Revenue Agency (CRA). And you have to report your employees’ remuneration and deductions on the T4 slips.
Income tax rates and brackets 2014
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Tax brackets are the amount of income that is subject to specific income tax rate. The income means the taxable income that is after you take off allowable deductions from your total income. Here are the income tax rates and brackets for 2014.
Income tax rates and brackets
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Tax brackets are the amount of income that is subject to specific income tax rate. The income means the taxable income that is after you take off allowable deductions from your total income. Here are the income tax rates and brackets for 2015 (Click here for income tax rates and brackets for 2014).
Income tax rates and brackets for 2013
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Tax brackets are the amount of income that is subject to specific income tax rate. The income means the taxable income that is after you take off allowable deductions from your total income. Here are the income tax rates and brackets for 2013.
Tax Freedom Day
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On Tax Freedom Day, the Canadian workers have earned enough money to pay all taxes levied by the three levels of government: federal, provincial, and local. It is the first day in the year they start earning for themselves.
Corporation
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Corporation is a form of business authorized by federal, provincial, or territorial law to act as a separated legal entity. Its purpose and regulations are set out in its articles of incorporation. One or more persons may own a corporation.
Business Expenses
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Business expenses are certain costs that are reasonable for a particular type of business and that are incurred for the purpose of earning income.
Articles of incorporation
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Articles of incorporation is a legal document filed with a provincial or territorial government, or the federal government, which sets out a corporation’s purpose and regulations.