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Top 5 Tax Mistakes BC Veterinarians Make Every Year (And How to Fix Them in 2025)

Top 5 Tax Mistakes BC Veterinarians Make Every Year (And How to Fix Them in 2025)

by Ghuman & Associates | Nov 2, 2025 | Canadian Tax, Corporate tax

During 2024 CRA audits I defended for six BC veterinary clinics, the same five errors showed up every single time and costing owners $9,400 to $42,700 each. Grab coffee, tick the checklist, and never pay these again. 1. Paying PST on Exempt Medical Devices Mistake:...
T4A Slips in Canada 2025: What Every Business Must Know Before the February 28 Deadline

T4A Slips in Canada 2025: What Every Business Must Know Before the February 28 Deadline

by Ghuman & Associates | Oct 31, 2025 | Canadian Tax

If you paid an independent contractor, consultant, or freelancer more than $500 in 2025, the CRA expects a T4A slip on their desk by February 28, 2026. Miss the deadline and penalties start at $100 per slip—and can climb to $7,500 for large volumes. Below is a...
Locum Vets: Employee or Contractor in BC? CRA Rules You Must Know

Locum Vets: Employee or Contractor in BC? CRA Rules You Must Know

by Ghuman & Associates | Oct 26, 2025 | Canadian Tax

Locum Vets: Employee or Contractor in BC? CRA Rules You Must Know In the last CRA payroll audit I defended, a three-vet mixed practice in Kelowna owed $27,840 in CPP, EI and penalties because their “contractor” locum was really an employee. Below is the exact 4-step...
Best Accounting Software for Veterinary Practices in Canada – 2025 CPA Field Test

Best Accounting Software for Veterinary Practices in Canada – 2025 CPA Field Test

by Ghuman & Associates | Oct 19, 2025 | Canadian Tax

Best Accounting Software for Veterinary Practices in Canada – 2025 CPA Field Test I’m the same BC CPA who wrote the GST rebate guide—and for the last 8 months I ran every Canadian cloud-bookkeeping app through six real vet clinics (mixed, small-animal, and mobile)....
Can Vet Clinics Claim the GST Back on Equipment in BC? A CPA Explains

Can Vet Clinics Claim the GST Back on Equipment in BC? A CPA Explains

by Ghuman & Associates | Oct 11, 2025 | Canadian Tax, Corporate tax, Uncategorized

Can Vet Clinics Claim the GST Back on Equipment in BC? A CPA Explains I’m a CPA in Lower Mainland, who prepares about 60 veterinary tax returns every year, and the question I hear most after a big equipment purchase is: “Can we get the GST back?” The short answer is...
BC PST for Online Marketplaces: A Guide for Sellers on Amazon, Etsy & More

BC PST for Online Marketplaces: A Guide for Sellers on Amazon, Etsy & More

by Ghuman & Associates | Oct 6, 2025 | Canadian Tax, Corporate tax

BC PST for Online Marketplaces: A Guide for Sellers on Amazon, Etsy & More Navigating British Columbia’s Provincial Sales Tax (PST) can be complex for online businesses. The rules shift the tax collection responsibility from the individual seller to the...
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Recent Posts

  • Top 5 Tax Mistakes BC Veterinarians Make Every Year (And How to Fix Them in 2025)
  • T4A Slips in Canada 2025: What Every Business Must Know Before the February 28 Deadline
  • Locum Vets: Employee or Contractor in BC? CRA Rules You Must Know
  • Best Accounting Software for Veterinary Practices in Canada – 2025 CPA Field Test
  • Can Vet Clinics Claim the GST Back on Equipment in BC? A CPA Explains

Recent Comments

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  2. A Comprehensive Guide to Corporate Tax in Canada on 2023 Filing and payment deadline
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  4. How to Make Car Lease Payments Tax Deductible in Canada for Self-Employed & Employees on 2023 Filing and payment deadline
  5. How to Make Car Lease Payments Tax Deductible in Canada for Self-Employed & Employees on Top Tax Deductions and Credits in Canada: Key Takeaways and Explanations

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