What should I do with my Corporate Retained Earnings? As a Vancouver tax advisor to small, privately held Canadian corporations, many of my new clients are often unaware of all the investment options and tax benefits of investing their hard-earned corporate retained earnings. The small business corporate tax rate is only 13.5% on the first $500,000 of profits. That is
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 Effective July 1, 2010, GST and PST no longer exist in the province of British Columbia and both have been replaced by the HST For example, if you purchased a pair
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,
