Monthly Archives: September 2016

Related Employee: INSURABLE EARNINGS

Consider the situation where Persons A and B are a married couple and own 60% and 40% respectively of Corporation A (A Co.). They are also both employed by A Co. and, therefore, receive a salary. Will the salaries that they receive be considered insurable for Employment Insurance (EI) purposes? That is, would EI withholdings… Read more »

My Account Update: CRA ONLINE SERVICES

In early 2016, CRA updated the “My Account” online service (intended for the individual taxpayer’s exclusive use). This service allows individuals to: view CRA correspondence, assessments, and balances; view some income slips for the current and previous years (T4, T5, T3, etc.); view certain personal limits like RRSP and TFSA contribution room available; change CRA correspondence options to… Read more »

Do You Have the Best Card for Your Needs?: CREDIT CARD COMPARISON

Rate Hub provides an array of calculators and tools at www.ratehub.ca/credit-cards  to help individuals and businesses select the most appropriate credit card for their needs. In particular, the tools quantify the dollar value of benefits (such as sign-up bonuses and annual spend rewards) and costs (such as annual fees). These tools can also factor in an individual or business’ different types of spending (such as groceries,… Read more »