How to Pay your Business Taxes Online?
Businesses can pay their Taxes to Canada Revenue Agency (CRA) via Online Banking to make it faster and easier to manage taxes. Paying Taxes digitally is beneficial as it ensures that your information is safe and easier to access online at any given time. Canada Revenue Agency (CRA) takes up to 5 business days from…
Balbir Saini
Temporary 10% Wage Subsidy
The Temporary 10% Wage Subsidy is a Three-Month Tax Program (March 18, 2020-June 19, 2020) that’s part of Canada’s Covid-19 Economic Response Plan. It aims at avoiding mass layoff by the employers and to encourage rehiring. Temporary 10% Wage Subsidy allows ‘Eligible Employers’ to claim an amount equal to 10% of the Remuneration paid to…