Canada News Centre

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BC 2018 Budget – February 20, 2018

MSP is to be eliminated effective Jan 1, 2020, and a new Employer Health Tax will be created starting Jan 1, 2019. New Child Care Fee Reduction program, to be followed by Affordable Child Care Benefit. A new BC Caregiver Credit replaces the Infirm Dependant…

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Life in the Tax Lane August 2018

The Aug 2018 10-minute video talks about extended reassessment periods; individual income tax refunds beyond 10 years; Employment scam related to collections of accounts receivable; Corporate owned life insurance, capital dividend account, and ACB of the life insurance; Time limit for input tax credits; Sales…

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Bank of Canada / Money Supply

We’ve expanded our article “Can the Government of Canada Print Money and Spend it?” to include information on how the Bank of Canada works, and the Canadian Money Supply. Click below to read more: Bank of Canada / Money Supply Source: Tax…

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BC 2020 Budget February 18, 2020

The budget introduces a new top tax rate of 20.5%, as well as PST on carbonated beverages and streaming services such as Netflix and Amazon Prime. A new BC Access Grant for students is also introduced. Carbon tax rate increases for 2020 and 2021 are…