Calculating Payroll Tax in Canada: A guide for small businesses

It’s easy for Canadian small business owners to get caught up in payroll complexity. According to a recent government report, approximately 90,000 small businesses shut down every year in Canada — as a result, effectively managing payroll is critical to ensure long-term business success. We’ve put together a guide the tells you all you need to … Continue reading Calculating Payroll Tax in Canada: A guide for small businesses

Are 2020’s tax changes ‘significant’ or ‘a wash’?

When Finance Minister Bill Morneau introduced a motion earlier this month to keep the Liberals’ election pledge to cut income taxes for the middle class, he called the measure “significant” and said it would impact 20 million Canadians. But most Canadians would have to study their pay stubs very closely after Jan. 1 to detect that tax cut and other changes … Continue reading Are 2020’s tax changes ‘significant’ or ‘a wash’?