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What a BC dental corporation pays in tax
A Canadian-controlled private corporation pays about 11 percent on active income up to $500,000. That is 9 percent federal plus 2 percent in BC. Above $500
Who can own a veterinary practice: BC vs Alberta vs Ontario
Every province sets its own rules for who can own shares in a veterinary professional corporation. The rules are different enough that where you incorporat
Incorporating in BC Cuts Your Tax Rate to About 11 Percent. Here Is the Real Cost to Get There.
BC’s combined small business tax rate runs about 11 percent on active income left in the corporation. Here is what incorporating actually costs in BC, and when staying a sole proprietor still wins.
Contractors Pay PST on Materials. Interprovincial Truckers Often Don’t.
BC’s 7 percent PST applies differently depending on what your business actually does: contractors installing materials, and trucking fleets running more than one province, follow two separate sets of rules.
Canadian Tax Brackets 2026: Your Complete Guide to Rates Changes
Key Takeaways: At a Glance New 2026 Federal Changes: The lowest federal tax bracket rate is now a full 14% for the entire year, no longer a blended rate. Basic Personal Amount: You can earn up to $16,452 federally before paying any income tax. Inflation Adjustment:...
Top 5 Tax Mistakes BC Veterinarians Make Every Year (And How to Fix Them in 2025)
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:...
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