5 Tax Mistakes BC Veterinarians Make Every Year, and How to Fix Them
Grab coffee, tick the checklist, and never pay these again. 1. Paying PST on Exempt Medical Devices Mistake: Supplier invoices surgical plates, suture packs, even epidural catheters as “PST-taxable” and you pay it. BC rule: Items “Goods Designed to be Implanted in or...
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 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 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...
OAS Clawback Explained
Old age security, or OAS, is a taxable government pension you may receive in retirement. Benefits typically start at age 65 and continue until death. Like many other government benefits, such as the child benefit, the amount you receive is dependent upon your income....