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Ontario Taxes: HST Exemptions, Property Exemption Canadian …

WEBIn Ontario, the Harmonized Sales Tax (HST) is a combination of the federal goods and services tax (GST) and the provincial sales tax. Currently, the HST rate …

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URL: https://ledgerlogic.ca/2024/01/02/ontario-hst-exemptions-list/

Why Every Canadian Business Needs a Tax Consultant: Navigating …

WEBIn essence, a lasting relationship with a tax consultant can translate into custom-fit tax solutions tailored to a business’s unique trajectory, reinforcing the …

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Taxable Benefit Canada: Cash Gifts to Employees & CRA Guidelines

WEBThe Canada Revenue Agency (CRA) sets a de minimis threshold for non-cash gifts and awards to employees. If the total value of these gifts and awards does not …

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Canada-US Tax Treaty and Implications for Cross-Border …

WEBThe Canada-United States Tax Treaty is a bilateral accord aimed at preventing double taxation and tax evasion. This treaty, which has been in effect since …

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GST/HST Rate in Canada and Provincial Sales Tax Rates

WEBThe tax rates vary among provinces and territories, depending on their individual arrangements. GST: It is a federal tax charged at a rate of 5% throughout …

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TD1 & TD1BC Forms Guide: Canadian Tax Credits, Employee …

WEBTo update the forms: Fill out new TD1 and TD1BC forms with the current information. Submit the updated forms to the employer promptly. Regular updating …

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Self Employed Canadians: Employment Insurance Eligibility

WEBFor the benefit period between January 1, 2023, and December 31, 2023, self-employed individuals are required to have a minimum of $8,255 in net self …

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How to Start Accounting for a New Business in Canada

WEBSebastien Prost, CPA. Starting accounting for a new business in Canada is a critical step that lays the groundwork for financial health and legal compliance. It …

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Remote CFO Services Hire A Virtual CFO For Your Growing Business

WEBGain the financial leadership and insights of a CFO without the overhead of hiring a full-time executive. Our Virtual CFO services in Canada provide top-tier financial expertise …

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Expert Online Bookkeeping Services in Canada Bookkeeping for …

WEBOnline bookkeeping services by LedgerLogic offer expert financial management for startups, e-commerce businesses, and more. We offer precise online bookkeeping …

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Is it Better to Pay Yourself a Salary or Dividends in Canada

WEBAdditionally, when you pay yourself dividends, you should be mindful of the tax implications. Dividends are taxed at a lower rate than salaries, but they are still …

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Understanding Employer Health Tax (EHT) in Ontario and BC

WEBCurrent Rates and Thresholds for BC. The EHT rate in British Columbia for businesses with payrolls between $500,000 and $1,500,000 is 2.925% but must be …

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How to Do Accounting for A Shopify Store in Canada

WEBShopify’s inventory tracking features should align with your accounting software for seamless updating and valuation. Use Financial Reports: Generate financial …

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GST/HST on Remote Services Canada Digital Tax International …

WEBGST/HST registration: Generally, businesses providing remote services need to register for GST/HST if their worldwide taxable revenue exceeds CAD 30,000 in …

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10 Key Strategies for Improving Cash Flow and Forecasting in …

WEBCash flow management and forecasting are critical components in the financial health of Canadian businesses. Without a stable and positive cash flow, …

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Automated payroll services for Canadian small medium businesses

WEBOur commitment to leveraging the latest payroll solutions means your business benefits from the most efficient, secure, and user-friendly payroll processes available today.

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Calculate Vacation Pay for Salaried Employee: A Complete Guide

WEBWhen an employee leaves before the year’s end, they are still entitled to 4% of their total gross wages earned in that partial year. To determine their vacation pay: …

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Can I Use Xero for Multiple Companies: Multi-Business Finances

WEBUsing Xero for accounting purposes offers flexibility for individuals and businesses managing multiple companies. With Xero, the need for multiple accounts for …

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My Accountant Ghosted Me: Navigating Financial Abandonment …

WEBWhen individuals or small business owners entrust their financial affairs to an accountant, they expect professional and timely service. However, situations arise …

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