Driving passengers and delivering food follow different GST rules. Income tax is the same for both: every dollar, tips included, goes on your return.
GuidesYour books step by step
Guides for BC small business, grouped by the job in front of you: getting the books straight, the monthly and year-end cycle, GST and PST, paying people, and your own money.
Getting the books straight
Side hustle or business: when Etsy, resale and craft income is taxable
QuickBooks Online, Xero or Sage 50: how to choose for a BC small business
Starting an online store in BC: what you have to register, and when
Hourly, fixed-fee or per-transaction: how to compare bookkeeping quotes
How to register a business in BC: the steps and the fees
Behind on tax or books? Where to start
City business licences in Vancouver, Richmond and Port Coquitlam
Accounting or bookkeeping: what each one is, and which you need
Virtual bookkeeping in BC: how it works, and what to ask before you hire
What to gather before catching up your books
How to switch bookkeepers with a clear handover
Every month, and year end
Cost of goods sold: how a BC shop or online store works it out
Square and Clover deposits: why they never match sales, and how to reconcile them
The sole proprietor year end: what to do before 31 December
Cash sales: the records the CRA expects you to keep
BC small business tax calendar: what is due, and when
What should you receive from monthly bookkeeping
Why the payout in your bank is not your sales figure
Get the books ready for a corporate year end
GST and PST
Holdbacks and progress billing: when the GST is actually due
Airbnb and VRBO hosts in BC: GST, PST and income tax
Selling on your own site or a marketplace: who collects GST and PST?
CPP for the self-employed: what you pay and where it goes
BC Employer Health Tax: does your small business owe it?
· Updated
The GST quick method: a simpler way to remit for a small BC business
BC restaurants: PST on liquor, GST on gratuities, and tips on payroll
Importing goods into BC: GST at the border, and PST
· Updated
Corporate tax instalments: who pays them, and how often
BC PST on software and SaaS subscriptions
T5018: when a construction business reports payments to subcontractors
PST for BC contractors: who pays it on materials
· Updated
Filing your T1 late: what it costs and what to do now
Unfiled corporate returns: how to catch up
Amending a tax return: T1 and T2
A late GST return: what it costs and how to catch up
Late T4 and T5 slips: what the CRA charges and how to fix it
Late payroll remittances: what the CRA charges
Your first T2 return after incorporating
A notice of reassessment: how to object within 90 days
T2 deadline: two dates, and what missing either one costs
Behind on CRA filings? How the Voluntary Disclosures Program works
· Updated
Deduct the whole cost in year one: what the Productivity Mega Deduction would do
A CRA letter has arrived: what it is, and what to do first
The PST expansion is paused: what that changes, and what it does not
GST: when to register, and the receipts that hold up
· Updated
BC PST when your business sells goods
Paying people
Your money, and your structure
Deductible business expenses: what you can claim, and the 50% meals rule
Rental property records: what a landlord should keep
Paying family members from your company: what the CRA looks at
Foreign property over CAD 100,000: the T1135 form
Personal services business: when an incorporated contractor is treated like an employee
Salary or dividends: how each is paid, and what your books have to show
Tariff relief for BC businesses: what is on offer, and what your books need to show
Three ways business and personal money get mixed, and what each one costs
Home office and vehicle expenses: what you can claim, and how to prove it
Should you incorporate? Look at where the money goes first
Want this handled for you
This is the work we do for clients every month. Tell us what you sell and where your books stand, and a written plan and a fixed monthly price follow within one business day.