Rinald Tax Advisory Inc

Matters of Interest

August 2009

The Newly Proposed Harmonized Sales Tax (HST) for BC

The BC Government plans to implement HST in July of 2010 as an effective tax solution for boosting investment and job creation in BC. Find out more about what the government has in store and what this new sales tax means for you and your business by referring to the links below:

Changes to Taxable Employee Benefits

On June 11, 2009 the Canada Revenue Agency (CRA) issued technical news discussing policy changes for taxable employment benefits. These policy changes are related to:

  • Overtime meals and allowances;

  • Travel allowances within a "municipality" or "metropolitan area";

  • Loyalty program points collected by employees while travelling for employment;

  • Motor vehicles provided by employers;

  • Transit passes provided to family members of transit employees.

For complete details, please read the Income Tax Technical News No. 40