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WorkSafeBC announces that the average base rate for 2017 is dropping from 1.70% to 1.65% of employers' assessable payroll.

Good at creating revenue but unsure of what else is required to start a business? The Canada Revenue Agency has videos online to assist you with the business process. Click on the link below for more information.

Have you filed your taxes yet?

The filing due date for self employed individuals is June 15, 2013. However, the due date to pay any amounts outstanding is April 30th. Amounts not paid before this date is subject to interest charges.

Your 2012 personal income tax return must be filed by April 30, 2013.

For self-employed individuals (including spouse/common law partners), your personal income tax return must be filed by June 15, 2013. However, any 2012 balances owing must be paid by April 30, 2013 to avoid a late penalty fee.

On April 1, 2013, B.C. will return to a provincial sales tax (PST) system.

The PST is a retail sales tax that is payable when a taxable good or service is acquired for personal use or business use, unless a specific exemption applies.

Creating the penny costs more than its actual value. To save money, the Government of Canada will no longer create new pennies. Current pennies can still be used as currency; however, most businesses will round up or down your receipt to decrease distribution of the penny.

Welcome to our blog! Here you will find current information regarding anything accounting - from the HST/PST transition to new tax credits created by Revenue Canada.