News

The Federal Department of Finance announced Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses on March 18, 2020. Our newsletter from March 19, 2020 provided our comments on that first release of information. This newsletter provides updated information on the Temporary Wage Subsidy for Employers based on Bill C-13: An Act respecting certain measures […]

The Federal Department of Finance announced Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses on March 18, 2020. This will have important consequences to individuals, corporations, and trusts. We have outlined the highlights of the plan: Tax Filing Deadline Extensions The tax filing deadlines for individuals and for trusts have been extended by […]

Effective January 1, 2020, residents of British Columbia will no longer be required to pay Medical Service Plan (“MSP”) premiums. MSP premium debts owing prior to January 1, 2020 will still be owed, and collection will continue for any outstanding MSP premium debts. Employers should ensure that their payroll processes are updated to discontinue any […]

As we approach the end of the year, it is time to consider some tax planning opportunities that may be available to you for 2019. The planning points outlined below are not intended to serve as specific advice; you should always consult your D&H advisor before implementing any of the suggestions contained in this newsletter. […]

The Deadline to Register for the BC Employer Health Tax (“EHT”) Is Coming Soon The EHT registration deadline is quickly approaching for some employers. Employers who had BC Remuneration of $600,000 or more in the 2018 calendar year will have an EHT instalment requirement for 2019. Employers with an EHT instalment requirement for 2019 must […]

Finance Minister Bill Morneau released the Federal Government’s 2019 Federal Budget on Tuesday March 19. There are no proposed changes to tax rates, but the Budget does propose a new Canada Training Credit, tax credits for news organizations and news subscribers, and additional funds for money laundering investigations and Canada Revenue Agency auditors. The Budget […]

The B.C. Government released the 2019 Budget on February 19, 2019. There were no personal or corporate tax rate changes in the Budget, but the Budget did contain enhancements to some tax credits and provided some clarification on new measures like the BC Employer Health Tax and the Speculation and Vacancy Tax. Income Tax Measures […]

British Columbia Budget 2018 included the announcement of a new payroll tax called the Employer Health Tax (the “EHT”). Preliminary details were released over the summer, with additional details being released in recent months. The EHT came into effect on January 1, 2019; employers should be aware that the EHT may result in a significant […]

As we approach the end of the year, it is time to consider some tax planning opportunities that may be available to you for 2018. The planning points outlined below are not intended to serve as specific advice; you should always consult your D&H advisor before implementing any of the suggestions contained in this newsletter. […]

British Columbia Budget 2018 included the announcement of a new payroll tax called the Employer Health Tax (the “EHT”). While legislation and full details on the EHT are expected to be released in the fall of 2018, the BC Government has released preliminary details about the EHT. The EHT is expected to come into effect […]

On February 27th Finance Minister Bill Morneau presented the 2018 Federal Budget titled “Equality and Growth”. The budget includes a focus on growing government revenues by increasing economic participation among women, visible minority Canadians and persons with disabilities, as well as substantial long-term investments in science and technology. The government suggests that increasing equality for […]

As you may be aware, the US Government passed significant tax reforms in late 2017, and one of the major reforms was the wholesale conversion of its system of taxing corporate business income from a worldwide taxation system to a territorial taxation system. Under the old worldwide taxation system, business profits earned in a foreign […]