With the defeat of the harmonized sales tax (HST), British Columbia may suffer a loss in its competitiveness unless the Provincial Government makes some which would allow businesses to innovate, expand and upgrade.
Here is something to consider when reviewing or preparing your personal income tax returns. Taxpayers are able to split up to 50% of qualifying pension income with their spouse or common law partner. There is no age restriction for the partner who will be reporting their share of the split pension. However, in order to develop a tax efficient strategy, you may have to consider some interesting new outcomes and potential pitfalls and traps.