Whether you should lease or buy a car depends mainly on cash flow and the interest rates. If interest rate on the lease is high, then financing is better. If monthly loan installments are too high, then leasing would be better. Leases also have 2 types – capital leases and operating leases. The difference between [...]

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 [...]