If you have set up shop in Ontario and only sell to customers in Ontario, sales tax is straightforward. But what happens when you start shipping goods to other provinces that have different rates of HST or use GST and PST instead? Your business tax starts to become more complex!
Earlier this year, on June 29, Bill C-208 was made law, allowing tax relief for the intergenerational transfer of small businesses and family farms.
As businesses open up again, there’s still a lot of economic uncertainty. In response, the Government of Canada has extended COVID-19 support for individuals and businesses to help support those who continue to need it.
On April 29, the government of Ontario introduced a new sick day program that provides time off (paid and unpaid) for situations related to COVID and vaccination. This program is called the Worker Income Protection Benefit.
In Ontario, there are nine official public holidays. This includes New Year’s Day, Family Day, Good Friday, Victoria Day (May 24), Canada Day, Labour Day, Thanksgiving, Christmas Day and Boxing Day.
If you are the owner or manager of a business, these public holidays may impact how you pay your employees. In order for your employees to qualify for holiday pay on these public holidays, they must meet the “last and first rule”.
Hiring an apprentice is an excellent human resource strategy. It helps reduce the challenges of skill shortages as tradespersons retire, and ensures a regular supply of trained workers.
It’s a new tax year and your tax return has now been filed. That means ç
Koroll & Company welcomed Michael Falcone, CPA, CGA, LPA to the company in February, 2021. We are excited to share the announcement with you, and to introduce you to Michael, a most valued new member of our team.
