In December we did a post on employee gifts that pertained more towards employee gifts for the holidays. In this post we plan on expanding more into the year round rules on giving employee gifts and awards. We know that this subject can be a little dry, but it is vital that an employer […]
Tax time comes every year, and is a dreaded time for many, business owners and employees alike. This post is directed at sole proprietor taxes, if you are an employee and have any questions please give us a call and we can discuss your tax needs with you. Posting this in February may seem early, […]
This is the second post of our payroll FAQs. A reminder that these are general rules, for more specifics please visit the Alberta website through the links in the post. It is important to note, these are the minimum standards that must be met in Alberta. You are free to give your employees more […]
Payroll is one of the most important aspects of your business if you have employees. It can also be one of the most complicated functions to understand. The government and your employees expect you to get it right. This is the first post of two where we will cover the four most frequently asked questions […]
With the new year comes changes to CPP & EI rates. Below are the new 2019 rates, both have been increased slightly over the 2018 amounts. CPP 2019 2018 Maximum Annual Pensionable Earnings $57, 400 $55, 900 Basic Exemption $3,500 $3,500 Maximum Contributory Earnings $53, 900 $52, 400 Contribution Rate 5.10% 4.95% Maximum Annual […]
CRA Scams CRA scams are everywhere right now, you hear about them on the news and you see the signs at grocery stores. These scammers find new ways every day on how to get money from Canadians. We may not be able to get them to stop trying, but by being informed you can protect […]
With the Holidays fast approaching it is important to discuss employee gifts & bonuses. As with most things for payroll, employee gifts have specific rules to follow. We will start with the disclaimer that this post is only going to cover the basics of the gifting policy outlined by the Canada Revenue Agency that has […]
With the holiday season coming up, thousands of small businesses are prepping to sell more than they’ve sold all year. It’s the time when orders are piling up, your staff is working hard to get those shipments moving and everyone’s building up their holiday spirit. This is also a time when small businesses want to […]
Credit. Essentially, it’s your financial score card that the business world uses to determine whether or not they should lend you money, give you a credit card, rent to you, insure you, or even employ you. Your credit score tells whoever’s inquiring how good you are with your money. This score can range from 300-850 […]
