It’s the New Year, and with the advent of 2012 the Canadian government has introduced some Canadian Pension Plan changes that may have a significant effect on your life and the way you, “choose to live, work and retire,” in Canada. At our Vancouver bookkeeping and accounting firm we often receive questions from clients about how [...]

Are you a U.S citizen living in Canada? You may not be aware of this, but if you are, then you are subject to exactly the same filing requirements that you would be subject to if you were living in the U.S. Many U.S. citizens living in Canada aren’t aware of filing requirements in their [...]

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 [...]

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 [...]

Hello readers! Remember: the RRSP deadline for tax year 2009 is coming soon! On march 1st 2010, it will be too late to contribute to your RRSP, even if you’re still under the contribution limit of $21.000. But what about the tax refund on your contributions? Well, you can calculate it yourself doing the maths! [...]