Insights
Practical tax and money answers for Canadian owners and professionals, written by the accountants who file the returns.
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:...
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...
T4A Slips: The February Deadline, the Late-Filing Penalties, and When You Must Issue One
T4A slips are due on the last day of February following the year they cover. Miss it and there are two separate penalties, not one, and the second catches people who think they have filed everything. The short answerDeadline: the last day of February after the...
Locum Vets: Employee or Contractor in BC? CRA Rules You Must Know
Locum Vets: Employee or Contractor in BC? CRA Rules You Must Know Below is the exact 4-step test CRA auditors used—and the free checklist you can copy before you book your next relief vet. Why CRA Cares (and Why You Should) Payroll remittances missed = 10% penalty +...
Accounting Software for Veterinary Practices in Canada: CPA Field Test
Accounting Software for Veterinary Practices in Canada: CPA Field Test QuickBooks Online Advanced (2025 release) Best for: Clinics > $2 M revenue or planning multi-location. Built-in Custom Approval Workflows—head vet signs off on every inventory order before the...
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...
BC PST for Online Marketplaces: A Guide for Sellers on Amazon, Etsy & More
Discover essential information about Records of Employment (ROEs) in Canada, including issuance, form details, dismissal codes, and where to get help.
OAS Clawback Explained
Discover essential information about Records of Employment (ROEs) in Canada, including issuance, form details, dismissal codes, and where to get help.
Record of Employment (ROE) FAQs: Your Comprehensive Guide
Discover essential information about Records of Employment (ROEs) in Canada, including issuance, form details, dismissal codes, and where to get help.