Small Business Grants and Funding in BC: What Is Actually Available
What Funding Actually Exists for BC Small Businesses Right Now Let us start with the honest version, because most articles on this topic will not give it to you. There is very little free money for a general small business in BC. There is no program that hands a retail shop or a restaurant $50,000 […]
BC Employer Health Tax: Thresholds, Rates, Instalments and Exemptions
Do You Have to Pay BC Employer Health Tax? The Threshold Test The BC Employer Health Tax is a payroll tax on employers, and the first thing to establish is whether it applies to you at all. If your total BC remuneration for the calendar year is $1,000,000 or less, you pay nothing and you […]
T3 Trust Returns and Bare Trust Reporting: Who Files and Who Is Exempt
Where Bare Trust Reporting Stands for the 2026 Filing Season If you are here because someone told you that being on title to your adult child’s condo makes you a trustee with a filing obligation, here is the current position. For the 2025 tax year, bare trusts did not have to file. CRA confirmed on […]
Your CRA Notice of Assessment, Line by Line
What a Notice of Assessment Is and When You Get One Your notice of assessment, usually just called the NOA, is CRA’s receipt for your tax return. It confirms what CRA decided you owe or are owed, shows any changes CRA made to what you filed, and carries several numbers you will need later in […]
Underused Housing Tax: Do You Still Have to File in 2026?
Is the UHT Still in Force? What Budget 2025 Changed Short answer, because this is what almost everyone is here for: No, you do not file a UHT return for 2025 or any year after that. Budget 2025 eliminated the Underused Housing Tax, and the wording was explicit: no UHT is payable and no returns […]
T5013 Partnership Return: Who Files, When, and What the Boxes Mean
Who Has to File a T5013 Partnership Information Return There are two completely different people reading this page, so let us split them up right away. You are in a partnership and wondering whether you have to file. Short answer: you must file a T5013 partnership information return if, at any point in the fiscal […]
BC Training Tax Credit: What Employers Can Claim for Apprentices
What the BC Training Tax Credit Is Worth to an Employer If you employ apprentices in BC and you are not claiming the training tax credit, you are leaving real money on the table. Not a deduction. A refundable credit, which means BC sends you a cheque even if your corporation owes no tax at […]
T1 Adjustment: How to Fix a Tax Return You Already Filed
Three Ways to Change a Filed Return, and Which One to Use You filed, you got your notice of assessment, and then a T3 slip showed up in the mail. Or you realised you never claimed the tuition. Or your accountant spotted that you have been missing the medical expenses for three years running. Good […]
Probate Fees in BC: What You Pay and Six Legal Ways to Cut It
How Much Probate Costs in BC: The Current Fee Table If you are trying to work out what probate will cost your family in BC, here is the number you are looking for: roughly 1.4% of everything in the estate above $50,000, plus a $200 court filing fee. On a $1 million estate that is […]
Eligible vs Non Eligible Dividends: What the Gap Costs in BC
Eligible vs Non Eligible Dividends: The Difference in One Table If you own a corporation in BC and you pay yourself dividends, you have probably noticed two different lines on your T5 and wondered why one costs you so much more tax than the other. Here is the short version. Eligible dividends come out of […]