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, […]
Category: Canada
How Long Is Sea Freight From Europe To Canada?
How long does it take? Steamship lines offer some remarkably fast service from Northern Europe to Eastern Canada. For example, under normal conditions, service from Hamburg to Montreal or Halifax takes only 8 to 10 days. How long does a ship take from Europe to Canada? Short Answer: Port to port transit times between the […]
Is There Liability Insurance In Canada?
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 […]
How Does Car Repossession Work In Canada?
What happens when your car is repossessed in Canada? The lender will take your car and sell it to make back the funds necessary to pay off the loan. A legal officer will likely be sent to retrieve your vehicle. How do I stop a repossession in Canada? How to avoid car repossession in Canada […]
Do You Charge Gst On Labour In Canada?
GST and HST charges are made on both the labour and the cost of materials. Do I charge GST on Labour? Employees’ wages and salaries are not subject to GST. Consequently, there is no impact for payroll tax purposes. Do I need to charge GST as a contractor Canada? You must register for the GST/HST. […]
What Is Canada’S Main Source For Data On Disabilities?
The Canadian Survey on Disability (CSD) is the main source of data describing persons with disability in Canada. What is the Canadian Survey on disability? The Canadian Survey on Disability (CSD) is a national survey that collects information about the lived experiences of youth and adults whose everyday activities may be limited due to a […]
What Is The Lowest Corporate Tax Rate In Canada?
The federal small business tax rate, also known as the lower tax rate or Canadian-controlled private corporation (CCPC) rate, is 9%. You must satisfy certain requirements to receive this corporate tax rate. Where are corporate taxes the lowest? Fifteen countries do not have a general corporate income tax. Those countries are Anguilla, the Bahamas, Bahrain, […]
What Is The Maximum Corporate Tax Rate In Canada?
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 […]
What Percentage Of People Have Health Insurance In Canada?
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 […]
What Level Of Government Is Responsible For Pensions In 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. […]