Ledgerlogic.ca

Understanding Employer Health Tax (EHT) in Ontario and BC

WebCurrent Rates and Thresholds for BC. The EHT rate in British Columbia for businesses with payrolls between $500,000 and $1,500,000 is 2.925% but must be …

Actived: 4 days ago

URL: https://ledgerlogic.ca/2024/01/10/what-is-employer-health-tax-eht-in-ontario-and-bc/

Ontario Taxes: HST Exemptions, Property Exemption Canadian …

WebIn Ontario, the Harmonized Sales Tax (HST) is a combination of the federal goods and services tax (GST) and the provincial sales tax. Currently, the HST rate …

Category:  Health Go Health

Choosing the Right Accounting Firm in Canada: Your Guide to …

WebSelecting the right accounting firm is a critical decision for businesses and individuals in Canada. With several top players including Deloitte Canada, PwC Canada, …

Category:  Health Go Health

Employee vs Contractor: Understanding the Key Differences

WebDetermining whether someone is an employee or a contractor is a key decision for businesses and workers alike as it carries significant legal, tax, and financial …

Category:  Health Go Health

Taxable Benefit Canada: Cash Gifts to Employees & CRA Guidelines

WebThe Canada Revenue Agency (CRA) sets a de minimis threshold for non-cash gifts and awards to employees. If the total value of these gifts and awards does not …

Category:  Health Go Health

How to Fill Out TD1 and TD1BC Forms: A Step-by-Step Guide

WebTo update the forms: Fill out new TD1 and TD1BC forms with the current information. Submit the updated forms to the employer promptly. Regular updating …

Category:  Health Go Health

Calculate Vacation Pay for Salaried Employee: A Complete Guide

WebWhen an employee leaves before the year’s end, they are still entitled to 4% of their total gross wages earned in that partial year. To determine their vacation pay: …

Category:  Health Go Health

Is it Better to Pay Yourself a Salary or Dividends in Canada

WebAdditionally, when you pay yourself dividends, you should be mindful of the tax implications. Dividends are taxed at a lower rate than salaries, but they are still …

Category:  Health Go Health

Self Employed Canadians: Employment Insurance Eligibility

WebFor the benefit period between January 1, 2023, and December 31, 2023, self-employed individuals are required to have a minimum of $8,255 in net self-employed …

Category:  Health Go Health

My Accountant Ghosted Me: Navigating Financial Abandonment …

WebWhen individuals or small business owners entrust their financial affairs to an accountant, they expect professional and timely service. However, situations arise where …

Category:  Health Go Health

How to Do Accounting for A Shopify Store in Canada

WebShopify’s inventory tracking features should align with your accounting software for seamless updating and valuation. Use Financial Reports: Generate financial …

Category:  Health Go Health

10 Key Strategies for Improving Cash Flow and Forecasting in …

WebCash flow management and forecasting are critical components in the financial health of Canadian businesses. Without a stable and positive cash flow, …

Category:  Health Go Health

How To Change Accountants Accounting Services Canada CPA …

WebChange accountants seamlessly with industry leading CPA, LedgerLogic, offering top-notch accounting services online in Canada. Learn the essential steps for a …

Category:  Health Go Health

5 Reasons Why Xero Bookkeeping is Essential for Your Business in …

WebScalability is the capability of a bookkeeping system to handle a growing amount of work or its potential to accommodate growth. As a business expands, financial …

Category:  Health Go Health

Accounting Best Practices for Canadian E-commerce

WebE-commerce in Canada has transformed the landscape of retail and with it, the necessity for robust accounting practices has become paramount. As businesses …

Category:  Health Go Health

Top 10 Tips to Save Business Taxes in Canada

WebCanadian small business owners are often on the lookout for strategies to reduce their tax liabilities. With the ever-growing complexity of tax laws, understanding …

Category:  Health Go Health

Why Every Canadian Business Needs a Tax Consultant: Navigating …

WebNavigating the Canadian tax landscape can be complex for businesses of all sizes due to the intricate tax laws and frequent regulatory changes. A tax consultant, …

Category:  Health Go Health

Xero Accounting Software: A New Era for Canadian Small Business …

WebXero is a comprehensive, cloud-based accounting software specifically designed for small to medium-sized businesses in Canada. With user-friendly features …

Category:  Health Go Health

Streamline Your Invoicing: How Xero Transforms the Process for …

WebKey Takeaways. Canadian companies can streamline their invoicing and payment systems through RBC’s integration with Xero. Xero offers a secure and efficient …

Category:  Health Go Health