Business & Tax FAQ > Income Tax, Payroll, Sales Taxes (23 entries)
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The limits and rates related to the Québec Pension Plan (QPP) for 2011 are as follows: The maximum pensionable earnings have been increased from $47,200 to ...
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Not all medical practioners qualify for the medical tax credit. This depends on the province. For example: Chiropractors and Physical Therapists qualify in all provinces except the ...
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Under certain circumstances you may be allowed to request taxpayer relief from Revenue Canada (CRA) by applying for a reversal of interest and penalties. These include: ...
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Revenue Quebec may reverse interest and penalties on GST/QST in the following circumstances: • You are unable to repay your debt. • You incurred the interest, penalty or charge ...
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Severance pay is a monetary entitlement (compensation) that is intended to provide financial support to ease your transition from one place of work to another. You have the right ...
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There are certain criteria that determine whether you are self employed: If you answer yes to most of these questions, then you are most likely self employed. ...
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Subject to certain exceptions, all businesses are required to charge GST , currently at 5%, plus applicable provincial sales taxes. A business effectively acts as an agent for Revenue Canada ...
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100% electronic data processing equipment i.e. computer hardware and related software acquired between January 27, 2009 and February 28, 2011, can be deducted against income. Write-off 100% of ...
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This is one of the most common questions asked by Canadian taxpayers. Since contributions to an RRSP are made on a tax free basis, reduction in taxes payable can ...
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Revenue Canada allows individuals and corporations who use their cars to generate income to deduct the expenses, however also want to ensure that businesses don't benefit from personal use of car. ...
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The decision to incorporate depends on a variety of factors which are discussed here
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Registering with the CRA for online access allows you to view and manage all your personal tax info online including: tax refund or balance owing; ...
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A handy year end tax planning guide from PwC for higher wealth individuals and businesses
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The QST rate is increasing to 8.5% on January 1st, 2011 which raises the effective combined total sales taxes in Quebec from 12.875% to 13.925%. Instructions on how ...
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In Quebec parental benefits are administered by the Quebec Parental Insurance Plan (QPIP), which does not specifically require opt in. Instead all workers in Quebec whether self employed or ...
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From Revenue Quebec In calculating the taxable benefits related to the use of an automobile or the automobile expenses that can be deducted for income tax purposes, you ...
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The deadline to file your T4s is February 28th, 2010. The good news is that it has become much easier to do particulary if you are efiling. The Canada ...
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Discussion of 3 federal wage incentive programs including links to a comprehensive list of both federal and provincial programs.
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Quebec Solidarity Tax Credit .
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Guidance on deducting home office expenses
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Small business owners are required to declare business income whether they are a sole proprietorship or an incorporation. See more information about small business tax deductions and tips .
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Calculate tax deductions and federal and provincial remittances with this simple to use, free calculator from HelpSME.com
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T5 Slips and Summaries February 29, 2012 RL-3 Slips and Summaries (Quebec only) February 29, 2012 T4 Slips and Summaries February 29, 2012 RL-1 ...






