Corporate Tax

3 posts

2 Ways to File Annual Returns for Ontario Corporations

Ontario government has recently made an important change to the annual return process for its provincially incorporated business. Starting from October 2021, the Ontario corporation can no longer file its provincial annual return along with the T2 process. Instead, it’s now a separate process that the business owner has to […]

How to calculate and pay payroll taxes to CRA

This page brings you a tutorial video to demonstrate how small business owners calculate payroll taxes (CPP, EI, income tax) and how to pay them to CRA. What you need to know is: Please use this federal government calculator at least once a year. Because the annual personal income tax […]