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Have you distributed T4 slips to your employees yet?

Have you distributed T4 slips to your employees yet?

It’s that time of year again; T4 Season!  2022 T4 slips are due to be handed out to employees by February 28, 2023.  The penalty for failing to distribute T4 slips to recipients is $25 per day for each such failure, with a minimum penalty of $100 and a maximum of $2,500.

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2022 Minimum Wage Increase

2022 Minimum Wage Increase

One month after the last minimum wage increase the province has announced that they would like to increase it again.  On October 1st the minimum wage increased to $14.35 per hour.  The proposed changes would see this increased to $15.00 per hour on January 1, 2022.  The Ontario government has stated the reason for the increase is to keep up with the cost of living that has increased considerably during the pandemic.

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