Running a business requires ongoing consideration of financial stability. “Are my business funds safe?” is a concern that often arises while handling payroll, storing client payments, or setting aside money for growth. Canada’s response to that question is CDIC insurance. So if your financial institution fails, the Canada Deposit Insurance Corporation (CDIC) automatically protects eligible … Read more
A Social Insurance Number (SIN) is one of the most important personal identifiers in Canada, so SIN Lost or Stolen in Canada can be worrisome. You must Protect your Canada Social Insurance Number as if someone gains access to your SIN, they may use it for identity theft, tax fraud, fake employment, or credit scams. … Read more
The T4E form, officially known as the Statement of Employment Insurance and Other Benefits, is a very important document that must be filed with Canada’s tax authority (CRA) by all Workers who received any EI (Employment Insurance) benefits in the prior calendar year. Form T4E summarizes the payments made to the Employee for the taxation … Read more