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 – New provincial statutory holiday beginning in 2013 The B.C. government announced, as part of the Throne Speech
delivered on October 3, 2011, that the province would have an
additional statutory holiday beginning in 2...
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...
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...
Bank of Canada leaves benchmark rate unchanged In its January 17 announcement, the Bank of Canada indicated that
no changes would be made to its benchmark interest rate, meaning
that the bank rate will remain at 1.25%.In announcing its d...
Bank of Canada maintains bank rate at current level In its December 6 announcement, the Bank of Canada chose to leave
the bank rate at its current level of 1.25%. In the related press
release, which is available on th...
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...
Federal government launches Web site for tradespeople The federal government, together with the governments of British
Columbia, New Brunswick, and Ontario, has launched a Web site
dedicated to providing information for...
Household debt to income ratio increases again The latest Statistics Canada report on household spending and
saving indicates that the average debt-to-income ratio of Canadian
households has reached another new h...
Inflation rate stands at 2.3% for December 2011 The most recent issue of Statistics Canada’s Consumer Price
Index indicates that, overall, prices rose by 2.3% on a
year-over-year basis during the month of December.The December
incre...
Inflation rate stands at 2.9% for November The most recent issue of Statistics Canada’s Consumer Price
Survey indicates that the overall inflation rate stood at 2.9%. The
major contributors to inflation...
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...
Unemployment rate up slightly for December 2011 The latest release of Statistics Canada’s Labor Force Survey
indicates that while employment rose slightly during the month of
December, the unemployment rate edged up to 7.5% as more people ...
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.
