2019 Automobile Deduction Limits and Expense Benefit Rates for Business

2019 Canadian Automobile Deduction Limits and Expense Benefit Rates for Business

2019 Automobile Deduction Limits and Expense Benefit Rates for Business

January 23, 2019 by

On December 27, 2018, the Department of Finance Canada announced the income automobile tax deduction limits and expense benefit rates that will apply in 2019 when using an automobile for business purposes. The following two changes are effective January 1, 2019; Mileage Reimbursement Rate in Canada for 2019 The tax-exempt automobile allowance paid by employers to employees who use
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What are the 2019 CPP Contribution Rates?

2019 Canada Pension Plan Contribution Rates

January 23, 2019 by

What is the Maximum Canadian Pension Plan Contribution? The CPP contribution rates and maximums for 2019 are as follows: Maximum Pensionable Earnings: $ 57,400.00 Annual Basic Exemption: $ 3,500.00 Maximum Contributory Earnings: $ 53,900.00 Contribution Rate:  5.10 % (Employee and Employer) Maximum CCP Employee Contribution: $ 2,748.90 Maximum Employer CCP Contribution: $ 2,748.90 The Canada Revenue Agency (“CRA”) will gradually
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