What’s Happening in December 2019 at Small Business BC

It’s December and preparations for the big day are well underway at the North Pole. In this time of giving, why not give the gift of education to your small business? This month at the station we’re decking the halls with a packed educational calendar aimed at helping your business […]

Tax Season 2019

Tax season has arrived, and the filing deadline is looming. Individuals and most business owners must file their income tax returns by April 30. However, if you are self-employed, the CRA extends the filing deadline to June 15, with interest accruing on your tax due on April 30. Ahead of […]

Know the Taxes You Need to Collect

Know Which Taxes You Need to Collect Whether your small business is new, home-based, or relatively small in scope, you’ll have tax obligations you need to meet. Below, we’ve outlined the basic guidelines to ensure you collect and remit the required taxes for your business in British Columbia. Provincial Sales Tax […]

Guide to CRA-Approved Tax Deductions in Canada

Tax season has arrived once again, meaning it’s time to gather up your receipts and whip your annual numbers into shape. While some approach this time of year with trepidation, it’s really nothing to worry about – if you’re completely honest in what you declare. The good news is that […]

Tax Cheat Sheet: Staying on Top of Small Business Taxes

Frost-covered windshields, the sweet aroma of hot cocoa, and beautifully decorated homes that light up the black night with bright, colourful lights. There are certain identifiers that have come to signify this time of year. But as we wrap 2018 like we wrap gifts for our loved ones, many small […]

Explaining Small Business Tax Audits

Few things are more likely to send a shiver down the spine of small business owners than a letter from the Canada Revenue Agency (CRA) notifying them of an audit. According to estimates, approximately 30,000 audit letters were sent out in 2017. There’s no sure way to avoid being audited, […]