by Vinay Khosla, M.Acc., CPA, CA | Jan 8, 2019 | Blog
The Canada Revenue Agency (“CRA”) can assess penalties for any number of reasons, but two of the most common penalties assessed by the CRA that can be easily avoided are failure to file penalties and instalment penalties. A failure to file penalty is assessed for late...
by BateMac | Jan 4, 2019 | Advice for Business Owners, Blog, General Tax Advice
For new taxation years that begin on or after January 1, 2019, a new set of rules for refundable dividend tax on hand (RDTOH) balances apply to all Canadian controlled private corporations (CCPC). These rules could increase the tax costs to individuals when...
by BateMac | Jan 4, 2019 | Advice for Business Owners, Blog, General Tax Advice
The Employer Health Tax (EHT) is a payroll tax in Ontario that provides partial funding for the Ontario Health Insurance Plan. The EHT is applied where there is an employer-employee relationship and the employer pays the employee. Therefore, the EHT does not apply to...
by BateMac | Jan 4, 2019 | Advice for Business Owners, Blog, Personal Tax Advice
Effective January 1, 2019, contributions and benefits under CPP will both be increased. The contribution increase will be phased in over seven years. Effective January 1, 2019, the contribution rate on earnings below the Year’s Maximum Pensionable Earnings (YPME) will...
by Vinay Khosla, M.Acc., CPA, CA | Jan 2, 2019 | Blog
Membership of XLNC expands Bateman MacKay’s global network to over 25 countries. Ontario based, full service, mid-market Chartered Public Accounting firm Bateman MacKay LLP and its partners are proud to announce a new alliance and membership in XLNC, an international...
by Vinay Khosla, M.Acc., CPA, CA | Jan 2, 2019 | Blog
The annual Ontario Tax Conference and Live Webcast, presented by the Canadian Tax Foundation, is the definitive tax planning conference for advisers to owner-managed businesses. Over 900 tax experts gathered in person and online on October 22nd and 23rdto better...
