Are you familiar with your payroll tax obligations? CPP & EI rates went up again on January 1st. To help you out, we’ve prepared a chart with both federal and provincial/territorial payroll deductions for 2024.
More than 80% of business owners say now is not the time to increase the cost of doing business. If your business needs relief from rising costs, make sure to sign our petition calling on the federal government to introduce a small business rebate.
Depending on location, an employer pays between 3 and 7 payroll taxes, making it less affordable for employers to raise wages and create new jobs. Read our recommendations to government on how to modify payroll taxes and enhance small business growth.