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Understand CRA Interest and Penalties in a High-Interest Rate Environment

For years, corporate taxpayers paid very little attention to the bottom part of their annual corporate tax assessment notices.  That bottom part summed up late installment charges that are included in the final tax bill.  For years, installment interest charges hovered around 5% annualized so forgetting an installment or not paying the final balance owing on time had no material

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Vancouver Tax Considerations for Buying a Business in British Columbia

If you are in the initial stage of negotiating the purchase of an incorporated business in British Columbia (B.C.), this is a good time to consider the method you choose to go about the acquisition. There are two methods to acquire a business: you either buy the desired assets of the company, or you buy the shares of the company.

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