Who can own a veterinary practice: BC vs Alberta vs Ontario
Who can own a veterinary practice: BC vs Alberta vs Ontario Key takeaways British Columbia has no College share-ownership rule for veterinary corporations. Any licensed veterinarian can be the designated registrant regardless of share count. Alberta requires a...
Incorporating in BC Cuts Your Tax Rate to About 11 Percent. Here Is the Real Cost to Get There.
Key Takeaways: At a Glance A BC-incorporated CCPC pays about 11 percent combined (9 percent federal plus 2 percent BC) on the first $500,000 of active business income kept in the corporation. Incorporating in BC costs $380 in government fees: $350 to file the...
Contractors Pay PST on Materials. Interprovincial Truckers Often Don’t.
Key Takeaways: At a Glance BC PST is 7 percent, administered by the BC Ministry of Finance, separate from GST/HST. Contractors who install materials into real property generally pay PST when they buy those materials. They do not usually charge it again to the...