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BC PST Legislation Introduced
The B.C. government introduced legislation on May 14, 2012, to meet government’s commitment to return to the Provincial Sales Tax on April 1, 2013. As committed, the PST is being re-implemented with all permanent exemptions. The government also introduced common-sense improvements that will make administration of the sales tax easier for businesses. Consumers will pay […]
TRANSITION BACK TO BC PST – CONSIDERATIONS FOR BUILDERS
On April 1, 2013, British Columbia will eliminate the 12% harmonized sales tax (HST) and re-implement the 5% goods and services tax (GST) and 7% BC provincial sales tax (PST). Builders need to keep in mind the following issues with respect to the transition: 1. Sales of new homes prior to April 1, 2013 a) […]
Corporate Tax Rate Changes Impacting Personal Services Businesses
A new change has been made to the Corporate Tax Rates that applies to the income of a personal services business (PSB). Income of a PSB no longer qualifies for the federal general rate reduction of 13%. As a result this leads to a 38% corporate tax rate for PSB income and flow through rate […]
DMCL announces Rob Burkart, CA as our new Office Managing Partner
DMCL Chartered Accountants is pleased to welcome its new Office Managing Partner, Rob Burkart. Rob has specialized in Canadian Tax and has a strong expertise in owner-managed businesses and non-profit organizations. Rob joined DMCL in 1989 as a senior partner and tax group head. Rob is passionate about professional excellence, client service and the firm’s […]
DMCL welcomes its newest partner, David Goertz, CA
DMCL Chartered Accountants is pleased to welcome David Goertz as our newest partner in our Public Company Assurance Group. David has extensive professional accounting and auditing experience in the public company sector. He has specialized in both the mining and technology industries but also has a variety of clients and experience in other business sectors. […]
Changes to the Canadian Pension Plan (CPP) Contribution Rules
On January 1, 2012, changes to the rules for deducting CPP contributions will come into effect. Under the new rules employers may have to deduct CPP contributions from the pensionable earnings paid to an employee who is 60 to 70 years of age, even if the employee is receiving a CPP or Quebec Pension Plan […]
