It’s April 15th and about the time that everyone is thinking about personal taxes. Although at AIS, we no longer prepare tax returns, personal or corporate, because we are in the accounting and bookkeeping field, we are often asked for a recommendation or a referral. Having completed tax returns for many years, I can tell […]
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The holiday season is now over and so we launch into January and April, which for business owners is T4 time. It’s certainly not a fun time for a lot of employers, especially if they are calculating payroll manually throughout the year with the help of Canada Revenue Agency (CRA) calculators. Even if you are […]
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It’s that time of year again, fellow Canucks! From an article at About.com’s Small Business Canada section, written by Susan Ward: GST/HST for the reporting period July 1st to September 30th is due October 31st. Remember that if you are a GST/HST registrant, you must file GST/HST returns on schedule, even if there is nothing […]
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We recently received this email from Intuit, detailing some upcoming important tax changes for changes to sales tax in British Columbia and Prince Edward Island, which will take effect on April 1, 2013. The email also provides some information on how to update your tax codes in QuickBooks in order to accommodate for these changes. […]
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February is the month of T4’s and T5’s for most employers. If you had any employees during the 2012 calendar year, then CRA (Canada Revenue Agency) requires you to file T4’s and T5’s by February 28, 2013. There is no flexibility on the deadline and the penalties and interest start adding up on March 1st. […]
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T4 Slips and T4 Summaries can be filed in a number of ways: Traditional Paper Method (for only up to 50 T-slips) Sample T4 Slip Sample T4 Summary Information Return Electronic Media – CD, DVD – (again only for up to 50 slips) Internet – (If you file more than 50 T4 slips for a […]
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If you have ever had a job in Canada you’ve likely received a T4 slip at some point in your life, whether it was for a summer student job or as a full-employee in your career. But what exactly is a T4 slip and why is it important that it is prepared? (You can download […]
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