British Columbia’s transition to a Harmonized Sales Tax will be a good thing for most Penticton businesses, according to the B.C. Chamber of Commerce. Chairing a panel on the controversial new tax, Jon Garson, vice-president of policy development for the B.C. Chamber, said that the provincial chamber had been calling on the B.C. government to [...]

The federal home renovation tax credit has helped stem the decline of home renovations in B.C. according to a new survey by RBC Financial Group. According to the survey conducted by Ipsos-Reid, about 65% of B.C. homeowners plan to renovate their homes over the next two years, down from 69% in 2008. But the figures [...]

Starting today, Canadian credit union Servus is handing out CDN 200,000 in ten-dollar bills, giving 20,000 people the opportunity to create a Feel Good Ripple by giving that money to someone else. Servus is asking customers “How will you use ten dollars to make someone’s day?” Suggestions include ‘buy flowers for the grocery store cashier’, [...]

Canadians who are high-volume sellers of products on the online eBay marketplace may find themselves being audited by the Canada Revenue Agency beginning this fall. Revenue Minister Jean-Pierre Blackburn said Thursday anyone who has sold products on the Web site could avoid audits, fines and penalties by voluntarily coming forward and declaring the revenue to [...]

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Victoria has released its proposed transition rules for the harmonized sales tax (HST) set to replace the province’s existing sales tax regime July 1, 2010. Generally, the HST will begin to apply on May 1, 2010 for any prepayment of goods and services provided on or after July 1, 2010. Businesses, however, will need to [...]

Unless you’re a trained accountant or bookkeeper, there’s a good chance that you find managing the financial aspects of your business to be among the most challenging. If you own and operate a small business, investing in QuickBooks is one of the best things you can do. Fortunately, with this user friendly software application, you [...]