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Are You Overwhelmed with Taxation Rules and Deadlines as an Employer of a Nanny? Let Nanny Tax Serv by tax4 nanny





Article Author Biography
Are You Overwhelmed with Taxation Rules and Deadlines as an Employer of a Nanny? Let Nanny Tax Serv by
Article Posted: 03/14/2013
Article Views: 229
Articles Written: 31
Word Count: 270
Article Votes: 0
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Are You Overwhelmed with Taxation Rules and Deadlines as an Employer of a Nanny? Let Nanny Tax Serv


 
Tax
Tax4Nanny is an industry leader in providing nanny tax service all over Canada. CRA’s rules and deadlines can be overwhelming. For example did you know that as soon as you hire a nanny you become an employer and have certain responsibilities related to taxation? Our nanny tax service can help you sort through the red tape. As an employer, you must meet the following requirements:

  • Calculate and prepare a customized withholding statement detailing salary, Canada Pension Plan, Employment Insurance, federal tax rates and provincial tax rates.
  • Tax must be withheld for each pay period then remitted to the CRA.
  • Salary changes must be reflected in your individual tax reporting. You must prepare a T4 form for your employee at the end of the year.

    At Tax4Nanny we are aware of all the rules and responsibilities and we are more than happy to offer our nanny tax service to help you submit the correct documents. At Tax4Nanny, we have helped hundreds of families in Toronto, Ontario, the GTA and across Canada with their nanny tax needs. Our nanny tax service will take care of all aspects of taxation requirements related to your nanny. With Tax4Nanny you can be assured that you will be provided with professional nanny tax services and will be given helpful assistance with all your tax needs.

    If you have any questions about our nanny tax service or any other question about nanny tax, do not hesitate to contact Tax4Nanny. Our professional staff will take the time to answer all of your questions.

    Related Articles - Nanny, Nanny Tax Service, nanny Tax Services, Tax4Nanny,

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