Changes in the new year: Taxes, Laws, Wages

by in Canadian Government News and Updates
Changes in the new year:  Taxes, Laws, Wages
There are a number of changes that have taken place when we rang in the new year a few days ago in terms of taxes, laws and wages. Here are some of the most significant changes:

- Starting 2018, the small business tax rate dropped from 10.5% to 10%.
- EI premiums have slightly increased by about $6 in new costs for the average worker and $13 per employee for the average employer.
- 2018 marks the return of the sponsorship program after closing down due to backlogs.
- Ontario's minimum hourly wage increase took effect last January 1, 2018 from $11.60 to $14.
- Alberta's minimum hourly wage will increase to $15 on October 1, 2018.
- In Alberta, the carbon tax have risen to $30 a tonne from $20 starting this year.
- Quebec dropped its lowest income tax bracket from 16% rate to 15%.

Source: New year rings in changes to laws, taxes, wages
Rate this blog entry:
KD PROFESSIONAL is a group of interconnected companies offering a wide range of financial, accounting and tax services to individuals and businesses across Canada.

Through our experienced staff and strategic alliances, we provide exemplary service and solutions to maximize your cash flow, while preserving Wealth.


  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Tuesday, 11 December 2018

If you have a question about one of our products or services, please do not hesitate to contact us!
Please Enter Your Name
Please Enter A Valid Email
Please Enter Your Phone Number
Please select your preferred method of contact.
Refresh Please letters shown!

KD Professional Services
Monday-Friday 9am- 5pm
102, 221 18th Street SE
Calgary, AB, T2E 6J5


Read our Tweets