2018-2019 BC Budget Highlights

Business Matters Corporate Income Taxes – No changes proposed to the BC corporate income tax rates or the $500,000 small business deduction. Small Business Rate = 2%; General Rate = 12% for 2018 & 2019. Employer Health Tax – starting in calendar year 2019, the government will implement an employer health tax of 1.95% on […]

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2017-2018 BC Budget Highlights

Proposed Highlights Include:  Corporate Income Tax Small business corporate income tax rate is reduced to 2% from 2.5% effective April 1, 2017. Combined federal/BC small business corporate income tax rate following reduction will be 12.5%. Scientific research & experimental development tax credit is extended for five years to August 31, 2022. B.C. mining flow-through share […]

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