Category Archives: Payroll Bookkeeping

Payroll wages and salaries generally amount of one of the largest expenses incurred by a business.

The amount of the income tax withheld from employee’s wages depends on their wages and the amount of personal tax credit. Below is a list of basic federal and provincial tax credits for each province.

Payroll Bookkeeping; Income Tax and T4

Posted on April 29, 2010 by Baunoo Shean

Payroll wages and salaries generally amount of one of the largest expenses incurred by a business in Canada. Employers are required to calculate, collect and remit to Receiver General the income tax withheld from employees.  Historically, when the first Federal … Continue reading →

Posted in Income Tax, Payroll Bookkeeping | Tagged , , | 3 Comments