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BC Budget 2026 Tax Changes: What Businesses & Families Need to Know
Table of Contents BC Budget 2026: Major Tax Changes Every Business Owner and Family Should Understand The BC government has unveiled Budget 2026, and it brings the most significant tax system overhaul in years. For businesses and families in these changes will directly impact your bottom line starting this year.
Eligible and Non-eligible Dividends
Eligible dividends An eligible dividend is any taxable dividend paid to a resident of Canada by a Canadian corporation that is designated by that corporation to be an eligible dividend.
Employment Expenses
If your employer requires you to pay expenses to earn employment income, under certain conditions, you may be eligible to deduct employment expenses. Allowable employment expenses will be reported on
BC Employer Health Tax
What is BC employer health tax? The employer health tax is an annual tax on certain business in B.C. remuneration paid to employees and former employees in a calendar year
Tutoring Services Eligible for Medical Expenses
Tutoring services Income Tax Act Section 118.2(2)(l.91) provides that eligible medical expenses may include amounts paid as remuneration for tutoring services provided to a patient where the following conditions are satisfied:
How to receive Canada child benefit?
In order to receive Canada child benefit (CCB) you have to file your 2015 and any other outstanding tax returns as soon as possible. What is CCB? The CCB is
Meals and Entertainment Cost 100% Dedcution
Usually deduction of meals and beverages cost is limited to 50%. This general rules also applies to the cost of meals and entertainment for employees. However there are few exceptions