Planning to apply for CERB? Here’s some info that might help if you’re feeling confused about the process! What is the Canada Emergency Response Benefit? The Canada Emergency Response Benefit provides temporary income support to workers who have stopped...
What is an RRSP? A registered retirement savings plan (RRSP) allows savings for retirement to grow tax free in a special plan registered with the Canadian government. RRSPs are a key part of retirement planning because of the tax advantages they offer. But you need...
You report B.C. income tax to the Canada Revenue Agency (CRA) as part of your federal income tax return. How to File If you were a B.C. resident on the last day of the tax year, or you earned income in B.C. during the year, you may have to pay B.C. income tax. Forms...
B.C. personal income tax rates apply to specific tax brackets. A tax bracket is a range of annual income. Income past a certain point is taxed at a higher rate. The tax brackets are indexed each year to the Consumer Price Index for B.C. (BC CPI). For the 2016 tax...
B.C. Premier Christy Clark has promised to change Medical Services Plan premiums — which she described as unfair — before next May’s provincial election. But Clark would not provide any specific details on how she plans to change the health tax, which brings in...
British Columbians can expect to pay more for electricity, public transit and car insurance in the new year. ICBC, BC Hydro and Translink are all bumping their rates in 2017, and Medical Services Plan (MSP) premiums will rise for more than half a million West Coasters...
