What is a T5 Slip? A Comprehensive Guide
23 September, 2024
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What is a T5 slip? A Comprehensive Guide What is a T5 slip? As a Canadian resident, the tax season approaching means innumerable forms to
Ontario’s Minimum Wage Set to Increase on Oct 1st 2024
18 September, 2024
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Ontario’s Minimum Wage Set to Increase on Oct 1st, 2024 The minimum wage in Ontario will rise by $0.65 to $17.20 per hour for the most workers as of October 1, 2024. After British Columbia, Ontario now has the second-highest provincial minimum wage in Canada, with a 3.9% increase over the current rate. The following are the new minimum wage rates in Ontario: General Minimum Wage: $17.20 Student Minimum Wage: $16.20 Homeworker Minimum Wage:
How to use My CRA Business Account to Authorize a Representative
20 August, 2024
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How to Use My CRA Business Account to Authorize a Representative Adding an authorized accountant as your representative with the Canada Revenue Agency (CRA) allows
How to qualify for EI as a business owner in Ontario?
12 August, 2024
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Qualifying for Employment Insurance (EI) as a Business Owner in Ontario Can business owners in Ontario qualify for Employment Insurance (EI)? It can be difficult
What is a Shareholder Loan?
29 July, 2024
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What is a Shareholder Loan? A Comprehensive Guide for Business Owners Introduction As a business owner or self-incorporated individual, managing cash flow effectively is crucial
Canada’s new Digital Services Tax Act now in force
22 July, 2024
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Canada’s new Digital Services Tax Act is now in force After the measures received Royal Assent on June 20, 2024, Canada’s Governor in Council set
The Benefits of Outsourcing Accounting Services in Calgary
11 July, 2024
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The Benefits of Outsourcing Accounting Services in Calgary Are you running a successful business in Calgary? Does it require careful attention to your financial operations?
What is the Canada Carbon Rebate for Small Businesses?
3 July, 2024
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The Canada Carbon Rebate for Small Businesses The Canada Carbon Rebate for Small Businesses is a groundbreaking federal initiative that supports small and medium-sized enterprises
Vacation Accrual: The Benefits For Employers And Employees
26 June, 2024
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Vacation Accrued: Benefits for Employers & Employees At One Accounting, we understand that managing time off is an essential aspect of fostering a healthy and
Moving Expenses On Taxes: What Can Be Claimed?
14 June, 2024
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What Kind of Moving Expenses Can Be Claimed on Your Taxes? Understanding Moving Expenses on Taxes in 2025 Relocating for work or other reasons
Exploring solutions for today’s housing and affordability challenges
6 June, 2024
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Exploring solutions for today’s housing and affordability challenges Millions of people around the world are impacted by the housing affordability crisis, which is largely caused
Bank of Canada cuts benchmark interest rate
5 June, 2024
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Bank of Canada cuts interest rate in October 2024 As the world economy continues to grow, the Bank of Canada significantly reduced its key lending