The automobile allowance rates for 2018 are: 55¢ per kilometre for the first 5,000 kilometres driven 49¢ per kilometre driven after that. January 1, 2018 starts a new payroll year. Make sure you are using the most recent payroll tax rates for all your employees.
Do I need to register for GST? Yes you have to register for a GST account if you: 1. You provide taxable supplies in Canada 2. You are not a small supplier (taxable sales up to $30,000)
Canada Revenue Agency website has moved! https://www.canada.ca/en/services/taxes/income-tax.html CPP rates for 2018. https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/cpp-contribution-rates-maximums-exemptions.html EI rates for 2018. https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/employment-insurance-ei/ei-premium-rates-maximums.html
Small Business Tax Rate Reduction As of January 1, 2018, the federal small business corporate tax rate is reduced to 10%. The combined rate for Alberta companies will now be 12.0%. RRSP Deadline 2017 The deadline for making an RRSP contribution for the 2017 tax year is March 1, 2018. That’s the final day you…