Accounting Tax Services | Bookkeeping Solutions Toronto

Tag: T4

2008 Payroll T4 Deadline

2 February, 2009 (13:57) | Corporate Tax, Small Business Tax | By: Cecilia Leung

Although I have posted this deadline last year, I would like to remind you on the day as the deadline for submitting T4 slips for your payroll is approaching very quickly.   This also applies to all other slips that you need to give to your employees and shareholders, such as T3, T5, T4A, etc. Deadline [...]

Late T4 Penalty

21 January, 2008 (12:33) | Corporate Tax, Small Business Tax | By: Cecilia Leung

I cannot stress enough that the deadline of T4 (and all other slips) is last day of Feburary.   But, just in case you are late, here is the penalty you will need to pay: Penalty of each T4 slip failure to file is $25 a day, with a minimum penalty of $100 and a maximum of [...]

How to Pay Yourself – Corporation

21 January, 2008 (12:31) | Corporate Tax, Small Business Tax | By: Cecilia Leung

This is one of the most common questions for small business corporation owners.  So it is year end, you need to file your personal income tax, what to do?  You have been taking money out of your business account for personal use, pay your bills over the year, and now what? It is different when [...]