Hiring credit for small business (HCSB) - ACME - Free up your time, Save your money
WHAT'S NEW?
 
Hiring credit for small business (HCSB)
Tax tip-Canadian Businesses: Stay Informed With CRA Videos
Six Bookkeeping Tips!
Tax tip Canadians: Top 10 ways to reduce your tax bill
The Tax-Free Savings Account
RESOURCE LINKS
 
CRA
Canadian Payroll Association (CPA)
QUICKBOOKS
Service Canada
Ontario
Human Resources and Skills Development Canada
Canada Business Network
Industry Canada
Ontario Ministry of Finance
Canada Boarder Services Agency
Hiring credit for small business (HCSB)

2012-10-16

The 2011 federal budget created a hiring credit for small business (HCSB), a credit intended to stimulate new employment and support small businesses. The latest federal budget proposes to extend the HCSB for 2012.

The HCSB gives small businesses relief from the employer's share of employment insurance (EI) premiums paid in a year. It does this by crediting up to $1,000 on the payroll account, based on the increase in an employer's EI premiums paid in one year over those paid in the year before.

Note
The HCSB is for employers and businesses that pay the employer's share of EI premiums to a payroll (RP) account. Individuals who have chosen to pay EI premiums on their self-employed earnings are not eligible for the HCSB. For more information, contact Service Canada.



HOME   |   SERVICES   |   ACCOUNTING ADVISORY   |   TAXATION   |   BUSINESS CONSULTATION   |   CONTACT US
Copy Right2011 © ACME - FREE UP YOUR TIME, SAVE YOUR MONEY. All Rights Reserved.