BC – 2012 Corporate Tax Rates For 2012, British Columbia will levy a general corporate tax rate
of 10%. The small business threshold is $500,000, and qualifying
small business income under that threshold is taxed at a rate of
2...
BC – 2012 Personal Tax Rates and Brackets The B.C. government has announced the tax rates and brackets that
will apply to individual taxpayers in the province fo...
BC – Interest Rates—2012 The province of British Columbia levies and pays interest at
prescribed rates on underpayments and overpayments of tax with
respect to corporation capital tax, logging tax, and insurance
premium ta...
BC – Personal Tax Credit Amounts for 2012 For the 2012 tax year, the province will provide the following
non-refundable personal tax credit amounts:Basic personal amount
…………………&helli...
BC – Transitional rules announced for elimination of HST The Canada Revenue Agency (CRA) has released the draft rules which
are to apply as the province transitions back from the harmonized
sales tax system (which was defeated in last year’s refere...
2011 individual income tax package available online The individual income tax package for the filing of personal tax
returns for the 2011 taxation year is now available on the Canada
Revenue Agency Web site....
2011 T2 corporation income tax guide issued by the CRA The Canada Revenue Agency (CRA) has issued the income tax guide to
be used by Canadian corporations in completing their corporate
income tax return for the 2011 tax year.The guide is current...
Automobile deduction limits and expense benefit rates for 2012 The Department of Finance has released the automobile expense
deduction limits and the prescribed rates for the automobile
operating expense benefit that will apply in 2012, and they are as
follows...
Eco-ENERGY retrofit program ends early The Minister of Natural Resources has announced that, as of January
28, 2012, his department has stopped accepting new registrations
for the federal EcoENERGY retrofit program. The program was orig...
Guide issued for e-filers of 2011 individual income tax returns The Canada Revenue Agency (CRA) has issued its guide for e-filers
of individual income tax returns for the 2011 tax year. The guide
outlines federal and provincial/territorial changes to the tax
re...
Inflation rate stands at 2.5% for January 2012 The latest issue of Statistics Canada’s Consumer Price Index
release shows that prices rose by 2.5% for the month of January
2012, as measured on a year-over-year basis. The rate for
December...
New CPP election form now available on CRA Web site Beginning in 2012, changes to the Canada Pension Plan will be made
which will affect Canadians who are between the ages of 65 and 70
and, although currently receivin...
Obtaining tax information slips online Recipients of certain types of government benefits, including Old
Age Security, Canada Pension Plan, and Employment Insurance can
obtain the tax information slips (T4A (OAS), T4A(P), T4E) needed
to...
Prescribed interest rates for 2012 The Canada Revenue Agency (CRA) has announced the interest rates
that will apply to amounts owed to and by the federal government
for the first quarter of 2012, as w...
Are you worried about your accounting being done right? or done on time?
Would you like clearer communication from your accountant?
Are you trying to keep costs down?
Would you like to see your records better organised?
Or perhaps Canada Revenue Agency is calling you about information needed or payments required.
IF YOU ANSWERED YES TO ANY OF THE ABOVE QUESTIONS, WE CAN HELP YOU.
Most business people struggle with these issues all the time because it takes a lot of time just to run your business. And running your business is very important. This leaves you very little time available to deal with accounting and tax issues which are often left to the last moment. As a business owner, there are so many things you need to get done. For example, marketing your product, hiring staff, ensuring product availability, and managing cash flow to meet all current and future obligations. Yet accounting and tax are key to business success as it gives you more control than you would otherwise have. The peace of mind you could achieve is priceless.
At Murphy and Murphy,Certified General Accountants, we provide a full range of accounting and tax services designed to help you run your business more efficiently and profitably.
To discover more about our services, please click on Client Services above.
To discover more about us, please click on Firm Profile above. For your convenience, we have two offices to serve you, one in White Rock and one in Tsawwassen.
