Category Archives: General

“Starting in spring 2018, how often you receive your GST34-2, Goods and Services Tax/Harmonized Sales Tax (GST/HST) Return for Registrants, and what you get with it will change” >>>> click HERE to see more.

Recently we have been receiving many calls from individuals stating they are from CRA and for us to contact them immediately!  It’s a scam and we know it! Sadly there is always someone out there trying to take advantage of … Continue reading →

CRA Bulletin #IC78-10R5 Books and Records Retention/Destruction Location of records.  9) The books and records must be kept at the person’s place of business or residence in Canada or another place designated by the Minister and must, upon request, be … Continue reading →

“This guidance on record keeping is applicable to accountants and accounting firms that are subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations” http://www.fintrac-canafe.gc.ca/guidance-directives/recordkeeping-document/record/acc-eng.asp

All employees in British Columbia are entitled to be paid minimum wage. The General Minimum wage rates increased on September 15, 2017 from $10.85 per hour to $11.35 per hour. More information on the rates are found in this FACTSHEET.

You cannot register for a GST/HST account if you provide only exempt goods and services. You have to register for a GST/HST account if both situations apply: You provide taxable supplies in Canada (unless your only supplies are of real property   sold other than in the course of a … Continue reading →

“A taxable supply, other than a zero-rated supply, made in a non-participating province is subject to the GST. When such a supply is made in a participating province, it is subject to the HST. Specific rules apply to determine whether … Continue reading →

It is important to keep your business records organized, such as financial and accounting information! CRA requires that they must be kept for a “minimum of six years from the end of the last tax year to which they relate” … Continue reading →

As a self-employed person, you and your spouse or common-law partner have until midnight on Thursday, June 15, 2017, to file your 2016 income tax and benefit returns. The legislated date for paying an income tax balance owing is April … Continue reading →

The Globe & Mail highlights the Federal Budget >>>>> Click HERE