Beginning April 1, 2013, the 12% harmonized sales tax (HST) will no longer apply on property or services made in British Columbia (B.C.), or to property or services imported or brought into B.C. that are not zero-rated supplies. In its place, the 5% goods and services tax (GST) will apply to these products and importations.
Prime Minister Stephen Harper has announced a new “family tax cut,” a version of the family income-splitting promise he made during the 2011 federal election, along with increases to monthly child care benefit cheques and to the amount taxpayers can deduct for child care expenses.
The recent flood of fraudulent tax returns—both state and federal—is the work of “a criminal gang, possibly working outside the country,” a leading cyber security expert told NBC News.
The U.S. department store giant said Thursday it plans to discontinue operations in Canada, a move that will see 133 stores liquidated and affect more than 17,500 employees.