LATEST TAX TIP ARTICLES

The economic environment is bad, the company has no business, and you just want to submit a simple "zero declaration"? So you downloaded a paper form online, filled in "zero income," found a CRA address, affixed a stamp, and mailed it. You thought: "I've saved on tax filing fees again; filing myself is so convenient!" A few months later, you received a letter. Opening it, you found a fine notice for over $1000 . You were stunned. The company hadn't made a single penny, so why

Tax rate is the percentage of the employee's taxable income that the employer will have withheld on account of the employee's income tax obligations. There is no employer rate or share for income tax deductions.