Beginning in January 2019, the provincial government will introduce a new Employer Health Tax (EHT). The EHT will replace the Medical Services Plan, which will be eliminated by January 1, 2020. Businesses who have payroll costs of less than $500,000 will not have to pay any of the new EHT. Employers who have payroll costs of […]
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Entries by KHGrandForks
Job Posting – Accounting Assistant KH Burch Kientz is hiring for a full-time, permanent position starting in September 2018. This position will include assisting in preliminary preparation of year ends, Canadian & US tax returns and bookkeeping. The position also includes reception coverage and other client contact. The person in this position: Manages time effectively […]
Tax season is once again upon us, and there are some changes that you will need to consider when bringing us your 2016 tax documentation. Starting in 2016, you are required to report the sale of your principal residence. It is important to note that there has been no changes to the taxability of the sale of […]
In our summer 2015 newsletter, we advised that the federal government was going to expand the types of transactions in which capital gains would be considered to be tax exempt. Currently, if a taxpayer donates a public security or mutual fund, any gains that have accrued on the investment at the time of the donation […]
The CRA recently provided additional guidance on the taxability of certain employment benefits that are provided by employers to their employees. One issue that was discussed was related to happy hours and team lunches that are offered to all employees. They advised that their policy regarding these types of social events is that as along […]
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