If are hiring employees, you need to
open a Payroll account with Canada Revenue Agency.
As sole shareholder and director of a corporation,
if you intend to give yourself a regular salary, you
would need to open a Payroll account as well.
A double-barrelled shot of tumbling oil prices and more bad news from one of Canada's big banks pushed the S&P/TSX composite index under 8,000 points for the first time in more than five years.
Finance Minister Jim Flaherty announced Thursday he will deliver a long-awaited economic update next week, even as a newly released report forecast a possible $5.3 billion in federal deficits over the next two years.
Federal Industry Minister Tony Clement said Thursday the Big 3 domestic automotive companies and their unions need to come up with a plan for the industry's long-term future.
