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HST for Goods and Services in British Columbia

HST in British Columbia – General Comments HST is not a new tax that will make goods and services 12% more expensive. HST replaces the GST and the PST. Effective July 1, 2010, GST and PST no longer exist in the province of British Columbia and both have been replaced by the HST For example, if you purchased a pair

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How Vancouverites Can Avoid a Tax Audit

Whether you are an individual taxpayer or a corporate taxpayer, a call from the Canada Revenue Agency (CRA) will surge your anxiety. Most calls from the CRA are benign. Usually, they’re calling to inquire about an outstanding return or a figure your professional accountant has put in the wrong box. But according to CRA, for the 2007 and 2008 fiscal years,

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How Should Vancouver-based Business Owners Go About Paying Themselves?

Tax Tip for Business Owners Here is a good tax tip that greatly benefits young entrepreneurs and businesses trying to survive the effects of the current recession: If you are the owner of an incorporated business, there are two ways to pay yourself – wages and dividends. Why are dividends the better way to pay yourself? Most of us are

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