Gerald Hunt

About Gerald Hunt

After graduating from the University of Calgary with a Bachelor of Science degree in Computer Science, Gerald joined KPMG (Formerly Thorne Riddell) as a Computer Accounting Customer Service representative. In this position, Gerald installed accounting systems in over 200 different small to medium sized companies over a 6 year span. In 1989, Gerald left KPMG to continue to work with small business clients in his own corporation installing computer accounting systems. While in this role, he was engaged by the DeVry Institute of Technology in Calgary to teach various courses. In time, Gerald moved up through the ranks of DeVry until he attained the position of Director of Finance for the Calgary Campus. He also acquired his Masters of Business Administration from City University of Seattle, Washington in 2001. Gerald’s career has always been focused on small business, accounting and education.

2013 Rates and Maximums Chart

CPP/QPP—2013

Year’s Maximum Pensionable Earnings
$51,100.00

Year’s Basic Exemption (by pay period type):

* Annual
$3,500.00

* Monthly (12)
$291.66

* Semi-Monthly (24)
$145.83

* Bi-Weekly (26)
$134.61

* Weekly (52)
$67.30

Maximum Contributory Earnings
$47,600.00

Contribution Rate – Employee/Employer
4.95{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}

Contribution Rate – Self-Employed
9.9{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}

Maximum Contribution – Employee/Employer
$2,356.20

Maximum Contribution – Self-Employed
$4,712.40

EMPLOYMENT INSURANCE – 2013

Maximum Annual Insurable Earnings
$47,400.00

Premium Rate (Employee)
1.88{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}*

Premium Rate (Employer, 1.4 x Employee)
2.632{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}*

Annual Maximum Premium (Employee)
$891.12*

Annual Maximum Premium (Employer)
$1,247.57*

*Unless a reduced premium […]

By |February 27th, 2013|SmallBiz Builder|0 Comments
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2013 Tax System Indexation

On January 1, 2013, all indexed personal income tax amounts, including tax bracket thresholds and amounts used to calculate non-refundable tax credits, were adjusted by 2.0{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}. The Canada Child Tax Benefit and the goods and services tax credit will take effect July 1, 2013.

For 2013 the federal tax bracket thresholds are:

22{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62} for taxable income above […]

By |February 13th, 2013|Tax Tips|0 Comments
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To Incorporate or Not to Incorporate? – That is the Question.

So you are thinking about incorporating your small business in Alberta.  Maybe you have just started the business or maybe it has been around for a while.  If you are like most others, someone that you trust, like Uncle Sid or your sister Jane, has told you that you need to incorporate.  So what do […]

By |March 25th, 2012|SmallBiz Builder|0 Comments
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Canadian Retail Inventory – The Cost of Goods Sold Challenge

This is the story of Backstop Bob. Backstop Bob owns and operates Backstop Bob’s Baseball Emporium. Backstop Bob sells baseball bats. He thinks that he has been very successful.

Every month, Bob reviews his financial statements with his accountant. Each month, he is told that he is making money. At the end of the year, he […]

By |March 11th, 2012|SmallBiz Builder|0 Comments
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Canadian Business Meals – The Receipts Puzzle

So you have just landed the largest contract ever over lunch. Your customer is happy, you are happy, everyone is happy. You merrily pick up the check thinking all is well. The waiter hands you your credit card back along with your receipt. You then leave the restaurant confident that all is well.

A few days […]

By |March 2nd, 2012|SmallBiz Builder|0 Comments
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Canadian Business Meals – Stuff to Know

There are three different variations that are accepted business meals. In the first variation, a meeting is held between two or more individuals to discuss business topics. A perfect example of this type of business meal would be if you and a potential customer went to a restaurant to discuss doing business together. Another example […]

By |February 19th, 2012|SmallBiz Builder|0 Comments
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Balancing the books isn’t always easy

Business owners understand the importance of keeping records up-to-date. Unfortunately, pa-perwork has a habit of piling up – quickly!
PADGETT BUSINESS SERVICES now offers a solution – PADGETT CONNECT
PADGETT CONNECT is an easy-to-use business software applications package that is customized for your business. You don’t need to be a com-puter whiz or an accountant to use […]

By |December 4th, 2011|Tax Tips|0 Comments
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Do you have to file a tax return?

A tax return must be filed if you have to pay income taxes. A tax return must also be filed if you have not repaid all amounts withdrawn from your RRSP unde the Home Buyers’ Plan or the
Lifelong Learning Plan.

Other situations may warrant the filing of a tax return. They are:

You want to claim a […]

By |December 4th, 2011|Tax Tips|0 Comments
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Employment Insurance Benefits for Self-Employed People

Since January 2011, self-employed Canadians will be able to voluntarily access Employment Insurance (EI) special benefits. There are four types of EI special benefits:

Maternity benefits (15 weeks maximum) available to birth mothers. It covers the periods surrounding birth. A claim can be submitted up to 8 weeks before the expected date of birth;
Parental / adoptive […]

By |December 4th, 2011|Tax Tips|0 Comments
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Early CPP

Normally, you would start your retirement pension the month after you reach 65. However, you can begin the CPP as early as your 60th birthday or as late as your 70th.

The amount of the pen-sion is adjusted by 0.5{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62} for each month that you start to receive your pension ei-ther before or after your 65th […]

By |December 4th, 2011|Tax Tips|0 Comments
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