2013 Canadian Tax Tips

Corporate Owned Life Insurance

Posted on February 2, 2013 by

A corporation may own life insurance to: -fund a buy/sell agreement -as collateral for a loan -to cover the loss of a key employee -paying tax at death -to cover losses incurred as a result of a key employee or … Continue reading →

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April 1, 2013 Reinstatement of BC PST

Posted on January 22, 2013 by

The British Columbia provincial sales tax (PST) is returning on April 1, 2013. Remember to apply for a new PST number even if you were registered prior to BC HST. Most of the old regulations apply. Go to gov.bc.ca/etaxbc/register online. … Continue reading →

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