Effective July 2015, Canadian families are entitled to an enhanced monthly amount for their children. Previously families with children under the age of 5 received $100; this has been increased to $160 per month. For children 6-17, the amount was $0 and has been increased to $60 per month. The payment is retroactive to […]
Should you incorporate your small business? Every business owner should give consideration whether or not to incorporate their business. The outcome of this decision is highly dependent on the unique details of each business owner’s situation and should be discussed with a professional. The form of a business isn’t irreversible; the legal structure of […]
Saskatchewan taxpayers to feel nip by small income tax increase
Employment Insurance ‘rate freeze’ means EI taxes to rise $54
CPP taxes going up by $140
The Canadian Taxpayers Federation (CTF) has crunched the numbers and despite the federal government’s announcement that it’s freezing Employment Insurance taxes for three years, many Canadians’ paycheques will be getting smaller […]