The following table shows the Canada Pension Plan (CPP) contribution rates, maximums and exemptions from 1997 to 2005 (click here for current rates and maximums):
CPP Rates and maximums 1997 – 2005
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Author: Simon Zhong
CPP Rates and maximums
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The following table shows the Canada Pension Plan (CPP) rates, maximums and exemptions from 2006 to 2014.
Partnership
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A partnership is an association or relationship between two or more individuals, corporations, trusts, or partnerships that join together on a trade or business.
Participating province
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Participating province refers to the province of Nova Scotia, New Brunswick, or Newfoundland and Labrador, Ontario, or Prince Edward Island that apply the harmonized sales tax (HST).
Input tax credits
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Input Tax Credit (ITC) means a credit GST/HST registrants can claim to recover the GST/HST paid or payable for property or services they acquired, imported into Canada, or brought into a participating province for use, consumption, or supply in the course of their commercial activities.
GST/HST rates
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The following table shows the GST/HST rates by province in Canada:
Healthy Homes Renovation Tax Credit
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The Healthy Homes Renovation Tax Credit is a permanent, refundable personal income tax credit for seniors and family members who live with them. It is provided by Ontario government to help with the cost of making home safer and more accessible for seniors in Ontario.
Disclaimers
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No Warranties. YOUR USE OF THE SITE IS AT YOUR SOLE RISK. THIS SITE AND ALL MATERIALS, INFORMATION AND SERVICES AVAILABLE THROUGH IT ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. WE, OUR AFFILIATES, AGENTS AND LICENSORS CANNOT AND DO NOT WARRANT THE ACCURACY, COMPLETENESS, CURRENTNESS, NONINFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR…
Employment insurance (EI) for the self-employed
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Effective April 10, 2010, the self-employed people were given the option to access to special employment insurance benefits under the Fairness for the Self-employed Act. This is a good thing for the self-employed. However, whether it is beneficial to join the program depends on individual personal situation. As a self-employed, you should be aware of…
What is public transit tax credit?
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Public transit amount is a non refundable tax credit for the cost of public transit passes for travel in Canada on local buses, streetcars, subways, commuter trains, or local ferries.