Category: Business Tips

CPP Annual Update – 2021

CPP contribution rates, maximums and exemptions 2021 Important notice! Changes to the rules for deducting Canada Pension Plan (CPP) contributions. Changes to the rules for deducting Canada Pension Plan (CPP) contributions In 2012, the rules for deducting CPP contributions changed. These changes do not affect the salary… Continue Reading “CPP Annual Update – 2021”

WCB Changes 2021 – Part 2: Annual Returns

Annual returns Reporting the assessable earnings paid to your workers for the current year and estimate of what you expect to pay in the upcoming year will ensure that you have the correct WCB-Alberta coverage in place. Through filing your annual return, the information… Continue Reading “WCB Changes 2021 – Part 2: Annual Returns”

WCB Changes – 2021 part 1

Recent changes to the Policies and Information Manual Date of distribution: January 5, 2021 TRANSMITTAL SHEET No: 01 – 2021 January 5, 2021 WHAT’S CHANGED (Please read the policy documents for complete information).Please note that policy changes since the last issue are indicated by… Continue Reading “WCB Changes – 2021 part 1”

New 2020 T4 Updates – CRA

New 2020 T4 Reporting Requirements for All Employers The Canada Revenue Agency (CRA) announced new reporting requirements for all Canadian employers who issue T4 slips. In connection with the COVID-19 support programs launched in 2020, employers will have to submit more detailed T4 information,… Continue Reading “New 2020 T4 Updates – CRA”

Canada Emergency Wage Subsidy (CEWS)

crop payroll clerk counting money while sitting at table

What the changes are: Calculation details for claim periods 11 to 13 are now available. January 2021 changes: Changes to CEWS as of January 6, 2021: details for claim periods 11 to 13 (December 20, 2020, to March 13, 2021): the maximum top-up subsidy… Continue Reading “Canada Emergency Wage Subsidy (CEWS)”