Course Overview
Discover how small business tax remittances can be simple, save money, and avoid costly problems. A profitable business must keep reliable, accurate bookkeeping records to track its costs and minimize its taxes payable. Remittances such as Canada Pension Plan (CPP), Employment Insurance (EI), and Income Tax must be accurately calculated and then timely remitted to the Canada Revenue Agency (CRA). The skills obtained in this course will allow you to determine which remittances apply to your business and how to calculate them. Explore concepts to consider at the outset of setting up a business, e.g. different business ownerships types, differences between hiring contractors vs. employees as well as requirements of and steps to Business Number and/or GST registration.