May 30, 2017 10:04 A.M. Ministry of Labour The Ontario government has announced its intention to introduce proposed legislation, The Fair Workplaces, Better Jobs Act, 2017. The legislative proposals include broad ranging amendments to Ontario’s Employment Standards Act and Labour Relations Act. While the province’s economy is strong and growing, the nature of work has Read more about Ontario to raise minimum wage to $15 an hour by 2019[…]
Is there a minimum age for work under the Employment Standards Act, 2000? No. But there are minimum age requirements for certain industries and workplaces set by other laws. The Occupational Health and Safety Act sets the minimum ages to work as follows: 18 years of age for underground mines 16 years of age at Read more about Is there a minimum age for work under the Employment Standards Act, 2000?[…]
Budget 2016 proposes tax amendments that will limit the benefits of certain corporate and partnership structures which currently allow for the small business tax rate to apply to multiple instances of $500,000 of active income. This has historically been accomplished through the use of more complex structures that use a combination of multiple corporations, partnerships Read more about Highlights for Physicians, Residents and Medical Students[…]
Justin Trudeau has vowed to increase taxes on the wealthiest of Canadians – many of whom have achieved their status by building businesses. These business owners could one day find themselves facing a tax-strategy dilemma: Should they leave money in the business, take it as income, or do something completely different? Read more….. Read more about One way to avoid tax – leave money in the business[…]
This summer when you’re standing around the barbecue with your business-owner neighbours, impress them with your knowledge of tax planning. I can tell you from experience that you’ll bore them to tears with the conversation, but they’ll thank you later when the tax savings start rolling in. Specifically, share with them that holding companies can Read more about How to defer tax by using a Holding company[…]
This attached presentation will give you quick answers to many questions relating to 2015 personal tax return and corporate tax planning. We list major changes to attached presentation, including income tax changes that have been announced but have not become law at this time. Click to view 2015 Tax updates – 2015 Tax Updates – Rajesh Read more about 2015 Tax Updates[…]
Ontario Executors Face New Probate Filing Rules
New income tax rules for life insurance will come into effect in a little over a year, with significant impact on estate plans. Here are strategies ahead of time…. Read more…..
2016 Combined Rates ( Federal and Ontario) 2015 Combined Rates ( Federal and Ontario) Tax Brackets Tax Rates Tax Brackets Tax Rates First $41,536 20.05% first $40,922 20.05% over $41,536 up to $45,282 24.15% over $40,922 up to $44,701 24.15% over $45,282 up to $73,145 29.65% over $44,701 up to $72,064 31.15% over $73,145 Read more about 2015 and 2016 Combined (Fed and Ont.) Tax Rates[…]
To help ensure that employers understand their obligations and that employees know their rights, the Minister of Labour has prepared and published an Employment Standards Poster entitled “Employment Standards in Ontario”. Employers are required to post the most recent version (6.0) of the Employment Standards Poster published by the Minister of Labour in the workplace Read more about Ontario Employment Standard Poster[…]