May 6, 2019 | Featured, Personal Tax and Finance
New BC Employer Health Tax Registration and Installment Payment deadlines are fast approaching. Are you ready? Employers required to pay installment payments must register by May 15, 2019 First Installment payment is due by June 15, 2019 Check out our December 2018...
Dec 18, 2018 | Personal Tax and Finance
The recent U.S. tax reforms introduced measures discouraging U.S. companies from shifting profits to foreign countries. Specifically, the Global Intangible Low-Tax Income (“GILTI”) is a new source of income to be included in a U.S. taxpayer’s filings that is derived...
Dec 12, 2018 | Personal Tax and Finance
In the last provincial election, John Horgan and his NDP caucus, had the vision to fully eliminate Medical Services Plan (MSP) premiums by January 1, 2020. To help fund the elimination of MSP premiums, the Ministry of Finance is introducing an employer health tax...
Nov 28, 2018 | Personal Tax and Finance
2018 Federal Fall Economic Update Are you needing to purchase equipment for your business? Now would be the time! On November 21, 2018, the Minister of Finance presented the Federal Government’s 2018 Fall Economic Statement. In the statement, the Government announced...
Mar 1, 2018 | Personal Tax and Finance
On February 27, 2018 the federal government presented Canada’s 2018 federal budget. Particular tax changes of note were in respect of passive investment income and confirmation of the income splitting measures as noted in the draft legislation introduced in 2017....
Jan 19, 2018 | Personal Tax and Finance
The Government of Canada has now released draft legislation to implement their summertime proposals around splitting income from small businesses with family members. They have made some concessions to the uproar that resulted from their original proposals in the...
