Current Bookkeeping News
Stay up-to-date
Canada Revenue Agency announces maximum pensionable earnings and contributions for 2025
What's new? In 2024, a second earnings ceiling was introduced, the Year's Additional Maximum Pensionable Earnings (YAMPE). The YAMPE is used to determine second additional Canada Pension Plan contributions (CPP2). In 2024, the YAMPE is approximately 7% above the...
Did you know that there are digital services that can make it faster and easier for you to meet the tax obligations for your business?
Hi, I'm Charlie! Charlie the chatbot. You can find me on the Canada.ca/CRA webpage where I can answer questions about your business and other tax-related matters. From January to June 2024, I was asked just over 1,100,000 questions in English and 160,000 questions in...
Canada Carbon Rebate for Small Businesses: Payment Rates and Online Estimator
The Canada Revenue Agency (CRA) would like to highlight new information about the Canada Carbon Rebate for Small Businesses, a refundable tax credit designed to support small and medium-sized enterprises across Canada. This initiative aims to return a portion of the...