Category: Tax
The 2018 Provincial Budget introduced the government’s 30-Point Plan for Housing Availability in British Columbia.
On February 21, 2018, the provincial government released its budget for 2018. The budget announced a slew of measures to attempt to address housing affordability in the province.
The Voluntary Disclosures Program (VDP) is a form of “tax amnesty” program available in Canada.
On November 21, 2017 the Auditor General released its 2017 Fall Report.
There is good news and bad news with draft legislation released by the Department of Finance on January 15, 2016.
With tax season behind us, many of us are not likely thinking about taxes. However, some of us may have realized an error was made in the filing of the tax return.
Back in 2013, the Department of Finance proposed some changes to the Income Tax Act and asked for public input on those proposed changes.
Under the Income Tax Act (the "ITA") of Canada, Canadian residents are subject to income tax on all worldwide income. On the other hand, non-residents are only subject to tax on income tied to Canadian sources. Although this may sound straightforward, determining your liability and extent of liability can be complicated and the consequences for failing to comply can be significant. Here is a list of some important considerations: