Tax

Minimum wage is the lowest amount that employers can legally pay workers. It’s a standard that applies to almost every type of job and is standard across most developed countries. In Canada, each province and territory sets its own minimum wage. This article covers all the minimum wage rates in every province and territory across…

What is an Automobile Standby Charge? Automobile standby charge is calculated when an employee receives an automobile from their employer. The employee then has the car available to them for personal use as well as business use. Employers sometimes provide automobiles to their employees to carry out business related duties which may include employee having…

What is Principal Residence Exemption? Principal residence exemption (PPE) provides a way for Canadians to claim exemption from paying capital gains tax on sale of residence. Taxpayer can claim this exemption provided they have designated their residence as their principal residence. What is Principal Residence? It can be defined as a home that a Canadian…

This HST/GST guide will provide some insight into how the GST/HST credit works. What is GST/HST credit? This is credit is to help recipients cover the cos of GST/HST. Obviously, it may not cover all the GST/HST you have paid during the year but it is better than nothing. Who is eligible to receive GST/HST…