Category: Articles

If you are required by your employment contract to work away from your employer’s place, you can deduct food and beverage expenses under certain conditions.

Example 2: A supplier in Alberta sells goods to a purchaser in Ontario Based on the terms of the agreement, legal delivery of the goods will occur in Alberta. However, the supplier agrees to have the goods shipped to the purchaser in Ontario. Although legal delivery of the goods will occur in Alberta, delivery of…

When you are calculating an employee’s CPP contribution, you have to prorate the basic CPP exemption. The following table shows the prorated amount of basic CPP exemption for various pay periods.

As an employer, in some cases, you may under deduct an employee’s CPP contributions. Once the CRA discovers the deficiency, they will issue you a notice of assessment and you are responsible for remitting the balance due including both the employer’s and employee’s shares.

The EI benefits available to the self-employed people are limited benefits. They do not cover regular EI benefits due to lay-offs or business slow-downs. They are special benefits only including the following:

Although you don’t need to submit the transit pass when you are filing your tax return, you should keep your supporting documents in case you are audited.

The key is that the pass should provide for unlimited travel. Monthly (or longer duration) passes are normally eligible. For shorter duration passes, to qualify, the passes must entitle you to unlimited travel for an uninterrupted period of at least 5 days and for at least 20 days in any 28-day period.

As an employer, in some cases, you may over deduct Canada Pension Plan (CPP) contributions. For example, you forget to stop withholding CPP contributions after the maximum amount of pensionable earnings was reached. What should you do? There are two solutions to this problem.

Starting from 2011, a partnership that carries on a business in Canada, or a Canadian partnership with Canadian or foreign operations or investments, has to file a T5013 – partnership information return for each of its fiscal Period if the partnership:

If you are a self-employee operating a unincorporated business either as a sole proprietorship or partnership, here are the important dates to remember.