Tax Alerts
On July 23, 2009, Premier Gordon Campbell announced that effective July 2010 B.C. is set to move to a 12 per cent Harmonized Sales Tax (HST).
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At the Canada Revenue Agency Roundtable at the Canadian Tax Foundation conference, CRA clarified its views on certain issues arising from the Fifth Protocol to the Canada-U.S. Income Tax Convention.
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On June 4, 2010, the CRA issued new guidance on how the International Financial Reporting Standards (IFRS) will affect tax reporting.
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Beginning January 2010 (effective for 2009 calendar year), everyone who issues T5, TFSA, SAFER, T5007, T5008, T5013, T5018** or RRSP slips must have an RZ account set up.
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The Province is committing to bold, responsive, and balanced changes to the Harmonized Sales Tax to make British Columbia families better off while ensuring government can meet its commitment to balanced budgets, Finance Minister Kevin Falcon announced today.
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On Friday, the Federal and Quebec Governments signed a tax-harmonization deal that will give the province more than $2 billion.
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