Taxable or Non-Taxable? People don’t really know what’s exactly going on with the Harmonized Sales Tax. Here is a table to see what is taxable. Source: “Harmonized Sales Tax in Canada British Columbia Edition” prepared by BC’s CGAs. Please read it carefully. If you still have second thoughts regarding HST, please contact Acton Accounting and [...]

The Recession has had many detrimental effects on British Columbians for the last few years  and with the introduction of the HST many fear that the recession is more apparent than ever. Jim Sinclair President of the BC Federation of Labour states, “It’s the wrong tax, wrong time and for the wrong reasons.” He believes [...]

CAD vs. US: Overview Just one year ago, the Canadian Dollar was at its lowest exchange rate with US dollar since July 2005. This month, the Loonie reached the par and is expected to stay there within the next little while. From January to March 2010, a dollar CAD was blocked at around 0.95 US [...]

Anti-HST On April 6th a massive campaign to take down the Harmonized Sales Tax  (HST) in British Colombia  was headed by former premier Bill Vander Zalm called “Fight HST” . This campaign exists to fight against Premier Gordon Campbell in order to impose a public referendum on the HST. If Vander Zalm and his army of volunteers thrive, this movement will [...]

There is nothing really surprising in the announcement of the budget 2010; the government believes that spending restrictions while an economics growth should erase the deficit by 2015. Finance Minister expects the deficit to be reduced by 50% by 2012…But the actual deficit of $53.8 billion and the government will “only” save $17 billion over [...]

Ask any successful business owner, management professional, or CEO: what does it take to get my business to the next level? Invariably, these business pros will all advocate that the key factor to your business’ future growth is the ability to look forward and to plan ahead. Planning forces the entrepreneur to adopt the following [...]