Tax Series – Part 4: I’m hiring my first employee, what do I need to know?

Taxes can feel complicated, but understanding the basics can help you avoid costly surprises and make more informed decisions for your business. This four-part series with Finance Without Borders will cover the essential tax topics every business owner should know — from corporate income tax and HST to paying yourself and hiring your first employee. Each session offers practical guidance, helpful strategies, and tips to help you stay compliant while minimizing your tax burden.

___________________________

How Much Tax Will My Corporation Pay?
November 3, 2026

This session will teach you what you need to know to comply with Canadian corporate income tax requirements. You will learn what needs to be done to file a corporate tax return and when it needs to be filed. You will learn strategies and get tips to minimize the amount of corporate income tax you have to pay.

___________________________

Where Did My HST Money Go?
November 10, 2026

This session will teach you about Canadian sales taxes. GST/PST/HST is a common pitfall for small and medium sized business owners, who can easily find themselves with no money to pay big sales tax bills. You will learn the basics of GST/PST/HST, what sales tax rates to charge, when to charge it, how to charge it, what to do once you’ve collected it, how and when to file sales tax returns. Importantly, we will talk about opportunities to minimize the GST/PST/HST you need to pay the government.

___________________________

How Do I Pay Myself and Minimize Tax?
November 17, 2026

This session will teach you how to pay yourself, since there are significant tax implications with each method. You will learn pros and cons of shareholder loans, salaries, or dividends. You will learn how and when to file the different salary and dividend tax returns, and the tax impact of each. Importantly, we will help you understand how to pay the least amount of tax in both personal and corporate earnings.

___________________________

I’m Hiring My First Employee, What Do I Need to Know?
November 24, 2026

This session will teach you about Canadian payroll compliance, since there are taxes on employee pay. You will learn about paying someone as an employee vs. independent contractor, pros and cons of each, and common tax traps that business owners fall into that creates tax risk. You will learn about CPP, EI and income tax deductions, how and when to pay CRA payroll source deductions, and more.
___________________________

Register for Part 4 of the series today!
We look forward to seeing you online for this informative session.