If you are a business owner in Canada who has employees, you are required to open a payroll account with the Canada Revenue Agency (CRA) so you can make mandatory deductions and access important tax information. A payroll account can be easily set up with some basic business information and must be done before you …
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Image: https://stocksnap.io/photo/FUWWT06QSK WSIB is an insurance company that gives businesses peace of mind when you or an employee face an injury or illness that keeps you from doing work. This coverage allows workers to take the time to recover without fear of losing their wages. The insurance also provides medical coverage and protects you in …
If you’re operating any sort of business in Canada, at some point you’ll need to register for a GST or HST number if you meet certain requirements. This applies regardless of whether you’re a sole proprietor, partnership, or corporation. It’s the law and there’s no way out of it, unless you fancy good ol’ CRA …
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