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Non-Canadian Resident and Collecting Rental Income in Vancouver

Non-Canadian residents who own Canadian real estate and collecting rental income have two ways to deal with the Canadian tax liability. The first method is remit to the CRA, 25% tax on the gross rent collected.  This 25% is due to the CRA on the 15th of the following month the rental income was credited to the non-Canadian resident.  This

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Vancouver Tax Planning Dilemmas As 2017 Come To A Close

2017 has been a year of drama for Vancouver tax advisors and I am happy that it is coming to an end.  I have to admit, it is not so much January 1, 2018 I am looking forward to.  I am anxiously waiting for the 2018 budget date which may bring all Canadian private corporations more clarity on their financial

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More Reasons for BC Businesses to Incorporate

Small business corporate tax rates in BC heading downwards Several changes to tax legislation announced in the 2015 Canadian federal budget were recently granted Royal Assent. A measure that is highly relevant for small businesses in BC going forward is the gradual decrease in the combined federal and provincial corporate tax rates over the next 4 years, which are as follows:

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