Out of province sales: where do you pay sales tax? | CFIB - cfib …
Collects HST (harmonized sales tax) only: Newfoundland &Labrador, Prince Edward Island, Nova Scotia, New Brunswick 15%; Ontario 13%. Collects both GST + PST: British Columbia – 5% + 7% = 12%. Manitoba – 5% + 7% = 12%. Saskatchewan – 5% + 6% = …
Paid holidays in Canada - cfib-fcei.ca
There are additional rules and payment requirements for employees who work on a statutory holiday. There are 5 days in the year which are a paid holiday in every jurisdiction: New Year’s Day. Good Friday. Canada Day. Labour Day. Christmas Day.
Lifetime Capital Gains Exemption – Is it for you? | CFIB
The Lifetime Capital Gains Exemption limit, for sales of small business shares and farming and fishing property, increased to $1.25million as of June 25, 2024, and will be indexed to inflation going forward. The inclusion rate has increased to 66.7% and the Canadian Entrepreneurs’ Incentive has been introduced. Please see our handout for more information.
Canadian Federation of Independent Business | CFIB
We advocate on behalf of small business to get better taxes, laws and regulations for your business. Participate in CFIB petitions and surveys to influence policies that affect your business. Get a team of advocates devoted to defending the interests of your business for more than 50 years. Be part of a strong Canadian business community.
Record of Employment - what you need to know - cfib-fcei.ca
Oct 30, 2023 · If you need to order paper copies of the ROE form, you can call the Government of Canada Employer Contact Centre at 1-800-367-5693. When placing your order, you will need to provide the following information: Your CRA payroll account number. Your CRA business number. The postal code that is associated with the business number.
Carbon Tax Rebate - what you need to know
Oct 1, 2024 · The rebate will be automatically issued to eligible Canadian-controlled private corporations (CCPCs). To qualify, a business must be a CCPC throughout the tax year and employ 499 or fewer employees across Canada. The corporate income tax return for the 2023 tax year must have been filed by July 15, 2024*, for the business to be eligible for ...
The Largest Small Business Association in Canada | CFIB - cfib-fcei.ca
The Canadian Federation of Independent Business (CFIB) is the country’s champion of small business. With over 97,000 members, we’re Canada’s largest non-profit organization devoted to creating and supporting an environment where your business can succeed. Across Canada, we advocate for small business with politicians and decision-makers.
Payroll Deduction Tables - 2024 - cfib-fcei.ca
Maximum Employer Premium: $4,348.40. Self-employed Maximum Premium: $8,698.80. Employee and Employer contribution rate: 6.4%. Self-employed: 12.8%. New for 2024: Earnings between $68,500 and $73,200 will be subject to additional QPP contributions, known as QPP2. Employee and employer QPP2 contribution rate: 4%.
Membership Benefits for Business Owners - cfib-fcei.ca
Get business insurance with exclusive perks and discounts, flexible payment options, and 0% interest. Save 40% on payroll with Payworks. Access more than 50 courses for free. Get exclusive group insurance coverage. Cover your employees and family members at preferred rates. Protect your business and employees. Save up to 40% on CNESST premiums.
Passing on business to family is now easier: Bill C-208
On June 29, 2021, Bill C-208 amended the Income Tax Act (ITA). This amendment allows families to transfer shares of their small business, family farm, and/or fishing corporation to their children or grandchildren and be treated equally to those who were passing on their businesses to an unrelated (arm’s length) corporation.