The Canada Pension Plan (CPP) is an essential program that provides financial support to Canadians during retirement, in cases of disability, or to surviving family members after the death of a contributor. It’s a fundamental part of the country’s social safety net, and any changes to the CPP are significant. In 2024, the CPP is …
An Employer’s Guide to Home Office Expenses in Canada
In recent years, the shift toward remote work has made home office expenses an important topic for both employers and employees in Canada. With many people working from home, understanding how these expenses can be managed and reimbursed is crucial for employers who want to support their team while staying compliant with tax regulations. This …
5 Tax Planning Tips that Small Business Owners Should Keep in Mind Before the Year Ends
As the year comes to a close, it’s important for small business owners to start thinking about year-end tax planning. A little bit of preparation now can help reduce your tax bill and set you up for a smooth start to the new year. Without further ado, here are 5 simple and effective tips to …