Author: Muriel Schmidt

Federal rates The basic rate of Part I tax is 38% of your taxable income, 28% after federal tax abatement. After the general tax reduction, the net tax rate is 15%. For Canadian-controlled private corporations claiming the small business deduction, the net tax rate is 9%. Does Canada have a low corporate tax rate? Canada […]

From: Employment and Social Development Canada The CPP provides income replacement to contributors and their families in the event of retirement, disability or death. The CPP is a statutory program that is governed by the federal government and the provinces. Who regulates pensions in Canada? FSRA regulates all employer sponsored pension plans registered in Ontario. […]

Life and health insurers provided coverage for over 29 million Canadians – or 76 per cent of the population in 2021. What percentage of Canadians have health insurance? About two-thirds of Canadians have some form of private health insurance that covers services such as vision, dental, outpatient prescription drugs, physical and occupational rehabilitation, psychology and […]

The basic rate of Part I tax is 38% of your taxable income, 28% after federal tax abatement. After the general tax reduction, the net tax rate is 15%. Province or territory Ontario Lower rate 3.2% Higher rate 11.5% Business limit $500,000 What is the corporate tax rate in Canada for 2022? 2022 Combined Federal […]

General liability insurance in Canada is specifically designed to provide your business operations with protection against claims of bodily injury and property damage as they relate to your business operations, products, premises, completed operations as well as personal injury and advertising and personal injury Does Canada have liability insurance? All Canadian provinces and territories require […]

Most corporations can file their return electronically using the Internet. It is mandatory for certain corporations with annual gross revenues that exceed $1 million. For more information, go to Corporation Internet Filing. Non-resident corporations have to file a T2 return in certain situations. Can I file my own corporate taxes in Canada? In short, YES, […]

Your U.S. policy automatically covers you in Canada, whether you’re driving a rental car or your own car. Your policy covers you for as long as you’re driving there, and there’s no need to notify your insurance company. Does Canada have Progressive Insurance? Many drivers and homeowners inquire about Progressive insurance in Canada. They want […]

Statistics Canada collects information to provide an essential picture of Canada’s social, health, environmental and economic well-being. For more than 100 years, we have been trusted to produce accurate data that represent you, your community and your country. How does Statistics Canada collect data? Statistics Canada collects data directly from individuals and businesses, and when […]

The requirements process for moving to Canada from Malta: Prepare a Canadian Resume. Submit an Express Entry profile. Apply for jobs in Canada. Look at Provincial Nominee Programs. Can Maltese citizens work in Canada? International students from Malta often ask whether the can study and work in Canada. The Canadian Government allows Maltese students on […]

Types of financial institutions in Canada Big Six Banks. Credit unions. Caisses populaires. Online-only banks, digital banks or “neo banks” Proper authorization, accreditation/governance. Deposit insurance. Convenience. Services, features and account offerings. What are the main types of financial institutions in Canada? Generally speaking, there are three types of financial institutions in Canada: deposit-taking institutions, insurance […]