If you or any of your employees are between the ages of 60 to 70 and are collecting your CPP benefits while continuing to work, you may have to start contributing to CPP again. As of January 1st 2012 changes came into effect to the rules for those collecting their pension while continuing to work.
As CFIB's 40th Anniversary comes to a close, I've been reflecting on what the organization that small business created forty years ago with John Bulloch's leadership has meant to me. When I applied for the job eight years ago, I had no idea that I was the daughter, granddaughter and niece of CFIB members. What a legacy! My mother told me that "CFIB is a great organization. It gave my business a voice."
Small businesses have called CFIB to complain of being deceived when receiving forms to update their paid advertising. Typically a form arrives supposedly from Yellow Pages Group (YPG) with a logo similar to the famous ‘walking fingers’. The look and feel of the stylized form is misleading: Once signed the business finds it has committed to paying large amounts to a directory but not Yellow Pages.
One of the most important provisions of the Code of Conduct for the Credit and Debit Card Industry was a provision to allow firms to exit their electronic payment processing contracts with ACQUIRERS or RESELLERS without penalty within 90 days of an unscheduled rate change or the introduction of a new fee. Though the Code contains many more measures to protect your business you must still remain vigilant.
The 2011 federal budget announced the Hiring Credit for Small Business to stimulate employment. If your EI premiums in 2010 were $10,000 or less, you may be eligible for a credit of up to $1,000 when filing your T4 information return for 2011. If you qualify, the credit will be issued automatically to your payroll account without the need to submit extra paperwork.
