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BC - Provincial general corporate income tax rate increased effective January 1As announced in the 2017 Budget Update last fall, the provincial general corporate income tax rate was increased, effective as of January 1, 2018, from 11% to 12%. BC - Increase in Homeowner Grant program threshold for 2018The provincial government has announced that the threshold for British Columbia’s Homeowner Grant program has been increased, for 2018, to

BC - Provincial general corporate income tax rate increased effective January 1As announced in the 2017 Budget Update last fall, the provincial general corporate income tax rate was increased, effective as of January 1, 2018, from 11% to 12%. BC - Increase in Homeowner Grant program threshold for 2018The provincial government has announced that the threshold for British Columbia’s Homeowner Grant program has been increased, for 2018, to $1.65 million. One of the changes effective on that date limits the ability of landlords of rental residential ... BC - Interest Rates - 2017The province of British Columbia levies and pays interest at prescribed rates on underpayments and overpayments of tax with respect to corporation capital tax, logging tax, and insurance premium tax. BC - Personal income tax rate change for 2018The 2017-18 Budget Update released by the province of British Columbia included the announcement of new personal tax bracket for 2018.BC - 2017-18 second quarter fiscal report released British Columbia’s fiscal report for the second quarter of the 2017-18 fiscal year shows that the province is on track to post a balanced budget for the year. BC - 2018 BC TD1 Form and TD1Worksheet released The Canada Revenue Agency has issued the British Columbia TD1 Form and Worksheet which will be used by taxpayers resident in the province, and their employers, to determine required provincial income ... BC - Reduction in MSRP premiums to be take effect in 2018The 2017 Budget Update brought down by the province in September included the announcement of a significant decrease in premiums levied under B. Effective January 1, 2018, taxable income over $150,000 will be ...Bank of Canada raises interest rates As widely expected, the Bank of Canada indicated, in its regularly scheduled interest rate announcement made on January 17, that an increase in the bank rate was required. Federal Budget 2018-19 consultations to end January 26Finance Canada has announced that the consultation process leading to the release of the 2018-19 federal Budget will conclude on Friday January 26, 2018. CRA issues individual T1 Tax Return Form and Guide for 2017The Canada Revenue Agency has released the T1 Individual Income Tax Return and Benefit form to be used by individual Canadian taxpayers in filing their return for the 2017 tax year. Unemployment rate for December 2017 down to 5.7%The most recent release of Statistics Canada’s Labour Force Survey indicates that the unemployment rate for the month of December 2017 stood at 5.7%. Small business tax rate reduced effective January 1As previously announced, the federal small business tax rate is reduced to 10.0%, effective as of January 1, 2018.There is no change in the federal small business limit, which remains at $500,000. Automobile deduction and benefit limits for 2018Finance Canada has announced the limits and thresholds which will apply for purposes of determining automobile benefits and deductions during 2018.That non-refundable tax credit is equal to 20% of the fl... BC - Budget increases exemption threshold for First-Time Home Buyers Program The province provides first-time home buyers with a full or partial exemption from the payment of property transfer tax on the purchase of their first home. BC - Provincial small business corporate income tax rate to be reduced British Columbia’s 2017-18 Budget was brought down on February 21, 2017, and it included the announcement of an upcoming reduction in the province’s small business income tax rate. BC - Province to provide tax credit for volunteer first responders The province has announced that its 2017-18 provincial Budget (to be brought down on February 21) will include a new tax credit for volunteer firefighters and search and rescue volunteers. BC - Applications available for BC Home Owner Mortgage and Equity Partnership loans The BC government recently announced that it would be creating a new program to assist first-time home buyers in the province, and applications under that program can now be made. BC - Consultation process for 2017-18 Budget underway Provincial residents who wish to provide input into the planning process for the 2017-18 BC Budget will have until January 30 to do so.

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BC - Provincial general corporate income tax rate increased effective January 1As announced in the 2017 Budget Update last fall, the provincial general corporate income tax rate was increased, effective as of January 1, 2018, from 11% to 12%. BC - Increase in Homeowner Grant program threshold for 2018The provincial government has announced that the threshold for British Columbia’s Homeowner Grant program has been increased, for 2018, to $1.65 million. One of the changes effective on that date limits the ability of landlords of rental residential ... BC - Interest Rates - 2017The province of British Columbia levies and pays interest at prescribed rates on underpayments and overpayments of tax with respect to corporation capital tax, logging tax, and insurance premium tax. BC - Personal income tax rate change for 2018The 2017-18 Budget Update released by the province of British Columbia included the announcement of new personal tax bracket for 2018.

BC - 2017-18 second quarter fiscal report released British Columbia’s fiscal report for the second quarter of the 2017-18 fiscal year shows that the province is on track to post a balanced budget for the year. BC - 2018 BC TD1 Form and TD1Worksheet released The Canada Revenue Agency has issued the British Columbia TD1 Form and Worksheet which will be used by taxpayers resident in the province, and their employers, to determine required provincial income ... BC - Reduction in MSRP premiums to be take effect in 2018The 2017 Budget Update brought down by the province in September included the announcement of a significant decrease in premiums levied under B. Effective January 1, 2018, taxable income over $150,000 will be ...

Bank of Canada raises interest rates As widely expected, the Bank of Canada indicated, in its regularly scheduled interest rate announcement made on January 17, that an increase in the bank rate was required. Federal Budget 2018-19 consultations to end January 26Finance Canada has announced that the consultation process leading to the release of the 2018-19 federal Budget will conclude on Friday January 26, 2018. CRA issues individual T1 Tax Return Form and Guide for 2017The Canada Revenue Agency has released the T1 Individual Income Tax Return and Benefit form to be used by individual Canadian taxpayers in filing their return for the 2017 tax year. Unemployment rate for December 2017 down to 5.7%The most recent release of Statistics Canada’s Labour Force Survey indicates that the unemployment rate for the month of December 2017 stood at 5.7%. Small business tax rate reduced effective January 1As previously announced, the federal small business tax rate is reduced to 10.0%, effective as of January 1, 2018.

There is no change in the federal small business limit, which remains at $500,000. Automobile deduction and benefit limits for 2018Finance Canada has announced the limits and thresholds which will apply for purposes of determining automobile benefits and deductions during 2018.

That non-refundable tax credit is equal to 20% of the fl... BC - Budget increases exemption threshold for First-Time Home Buyers Program The province provides first-time home buyers with a full or partial exemption from the payment of property transfer tax on the purchase of their first home. BC - Provincial small business corporate income tax rate to be reduced British Columbia’s 2017-18 Budget was brought down on February 21, 2017, and it included the announcement of an upcoming reduction in the province’s small business income tax rate. BC - Province to provide tax credit for volunteer first responders The province has announced that its 2017-18 provincial Budget (to be brought down on February 21) will include a new tax credit for volunteer firefighters and search and rescue volunteers. BC - Applications available for BC Home Owner Mortgage and Equity Partnership loans The BC government recently announced that it would be creating a new program to assist first-time home buyers in the province, and applications under that program can now be made. BC - Consultation process for 2017-18 Budget underway Provincial residents who wish to provide input into the planning process for the 2017-18 BC Budget will have until January 30 to do so.

BC - Province to eliminate Medical Service Plan Premiums In this year’s Budget, the provincial government announced that it will be phasing out the payment of Medical Services Plan (MSP) premiums by individual B. The Budget for that fiscal year will be brought down on Tuesday,...

BC - Changes made to rules on residential real estate sales The provincial government has announced new rules which apply to sales of residential real estate in B. The changes are designed to prevent situations in which a buyer purchases a property, only to ...

.65 million. One of the changes effective on that date limits the ability of landlords of rental residential ... BC - Interest Rates - 2017The province of British Columbia levies and pays interest at prescribed rates on underpayments and overpayments of tax with respect to corporation capital tax, logging tax, and insurance premium tax. BC - Personal income tax rate change for 2018The 2017-18 Budget Update released by the province of British Columbia included the announcement of new personal tax bracket for 2018.BC - 2017-18 second quarter fiscal report released British Columbia’s fiscal report for the second quarter of the 2017-18 fiscal year shows that the province is on track to post a balanced budget for the year. BC - 2018 BC TD1 Form and TD1Worksheet released The Canada Revenue Agency has issued the British Columbia TD1 Form and Worksheet which will be used by taxpayers resident in the province, and their employers, to determine required provincial income ... BC - Reduction in MSRP premiums to be take effect in 2018The 2017 Budget Update brought down by the province in September included the announcement of a significant decrease in premiums levied under B. Effective January 1, 2018, taxable income over 0,000 will be ...Bank of Canada raises interest rates As widely expected, the Bank of Canada indicated, in its regularly scheduled interest rate announcement made on January 17, that an increase in the bank rate was required. Federal Budget 2018-19 consultations to end January 26Finance Canada has announced that the consultation process leading to the release of the 2018-19 federal Budget will conclude on Friday January 26, 2018. CRA issues individual T1 Tax Return Form and Guide for 2017The Canada Revenue Agency has released the T1 Individual Income Tax Return and Benefit form to be used by individual Canadian taxpayers in filing their return for the 2017 tax year. Unemployment rate for December 2017 down to 5.7%The most recent release of Statistics Canada’s Labour Force Survey indicates that the unemployment rate for the month of December 2017 stood at 5.7%. Small business tax rate reduced effective January 1As previously announced, the federal small business tax rate is reduced to 10.0%, effective as of January 1, 2018.There is no change in the federal small business limit, which remains at 0,000. Automobile deduction and benefit limits for 2018Finance Canada has announced the limits and thresholds which will apply for purposes of determining automobile benefits and deductions during 2018.That non-refundable tax credit is equal to 20% of the fl... BC - Budget increases exemption threshold for First-Time Home Buyers Program The province provides first-time home buyers with a full or partial exemption from the payment of property transfer tax on the purchase of their first home. BC - Provincial small business corporate income tax rate to be reduced British Columbia’s 2017-18 Budget was brought down on February 21, 2017, and it included the announcement of an upcoming reduction in the province’s small business income tax rate. BC - Province to provide tax credit for volunteer first responders The province has announced that its 2017-18 provincial Budget (to be brought down on February 21) will include a new tax credit for volunteer firefighters and search and rescue volunteers. BC - Applications available for BC Home Owner Mortgage and Equity Partnership loans The BC government recently announced that it would be creating a new program to assist first-time home buyers in the province, and applications under that program can now be made. BC - Consultation process for 2017-18 Budget underway Provincial residents who wish to provide input into the planning process for the 2017-18 BC Budget will have until January 30 to do so.

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BC - Interest Rates - 2016The province of British Columbia levies and pays interest at prescribed rates on underpayments and overpayments of tax with respect to corporation capital tax, logging tax, and insurance premium tax. BC - 2016 Personal Tax Rates and Brackets The tax rates and brackets which will apply to individual taxpayers in B. CRA to mail tax return packages to selected taxpayers While the majority of Canadians now file their individual income tax returns electronically, there is still a significant minority of tax filers who file using a printed return. CRA announces change to 2017 individual tax return forms The Canada Revenue Agency (CRA) has posted a notice on its website that an “update” has been made to individual 2017 tax forms.

BC - Province releases Second Quarterly Report for 2016-17The Second Quarterly Report for the province’s current fiscal year includes a forecast of increased revenues and reduced provincial debt. BC - Province issues updated Bulletin on changes to MRDT rate British Columbia imposes a municipal and regional district tax (MRDT) on sales of accommodation in the province.

That tax is additional to any provincial sales tax levied on such sales. BC - Notice issued on IFTA licences renewals for 2017The B. government has issued a Tax Notice (2016-004) reminding all IFTA licence holders in the province that such licences issued for 2016 will expire at the end of the calendar year. BC - Updated information issued on provincial motor fuel taxes The Small Business and Revenue division of B. Finance has updated and re-issued a number of Information Bulletins dealing with the province’s fuel tax regime, as follows: Bulletin MFT 002,&nb...

BC - New PST Bulletin issued for non-BC businesses B. Small Business and Revenue has issued a new provincial sales tax bulletin (Bulletin PST 321) outlining how the provincial sales tax applies to businesses which are located outside British Columbi...

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BC - Interest Rates - 2016The province of British Columbia levies and pays interest at prescribed rates on underpayments and overpayments of tax with respect to corporation capital tax, logging tax, and insurance premium tax. BC - Province launches 2017 Budget consultations The B. Minister of Finance has announced the start of the public consultation process leading up the province’s 2017-18 Budget. BC - Province issues updated and corrected sales tax bulletins B. Small Business and Revenue has corrected and re-released two of its provincial sales tax bulletins.The first stage of the phase-out would take effect on October...