Archive for the ‘Canada Tax Tips’ Category

T4 2011 Filing Deadline

Canadian businesses have one additional day to work with this year to comply with the T4 submission deadline.  February 2012 is a leap year, so February 29, 2012 is the deadline.
If there are any withholding deductions outstanding, payment can be made online.
Through My Payment Online system:
Use My Payment to make one or more payments [...]

New CPP rules beginning January 2012

If you are between 60 to 70 year old and are collecting or considering to collect CPP, you need to understand the new CPP rules beginning January 2012.
Under the current rules (before January 1, 2012), as an employer you have to stop deducting CPP contributions from an employee’s pensionable earnings when the employee is 60 [...]

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