1. There will be 12% HST on the sale of all goods and services after July 1, 2010.
Under the proposed rules, HST will apply to sales of goods where ownership and delivery are transferred to the purchaser on or after July 1, 2010. If either ownership or delivery of the goods occurs before July 1, [...]
HST vital to sustaining economic prosperity in BC
The BC government intends to harmonize the provincial sales tax (PST) with the federal GST, effective July 1, 2010. This will result in the elimination of the PST and the establishment of a new, single harmonized sales tax (HST) initially set at a rate of 12%.
The business associations listed at [...]
The announcement by the CRA that businesses that fall over a threshold must electronically file their HST returns is a long time coming. From the government’s perspective I can’t understand why they didn’t do this earlier in order to get their information and payments earlier similar to personal taxpayers e-filing their income tax returns. The [...]
Global Sourcing a Way to Reduce Manufacturing Costs available to all sizes of manufacturers.
Do you have the right salespeople?
Myth 1: The value of my business can be generally determined by using an earnings multiplier of my industry. ie. 3 times EBITDA
This is the most common myth. The earnings multiplier can be useful to get an overall general value based on the industry, but it doesn’t apply to all businesses within the [...]
In the sale or purchase of a private company its still necessary to use best practices in order to have the parties feel good about the transaction. Using the services of a corporate financial advisor, a tax accountant, a corporate lawyer who work together as a team from the beginning will provide you with the [...]
Part 2: Simon Pimstone, President & CEO of Xenon Pharmaceuticals Interview
As a large part of the life sciences group in BC Simon Pimstone met with Liberal leader Michael Ignatieff on life sciences and explained the issues of funding, and you would think that it would fit in with Ignatieff’s desire to build a larger knowledge [...]
According to the BDC small medium sized businesses spend 45 to 65% of their revenue on purchasing materials and services. This large percentage of the total costs of a business means that small savings, even 1% can mean instant addition to the bottom line but in today’s economy you can achieve even greater savings in [...]
Vancouver, B.C. based Cardiome Pharma shares skyrocket on a $700 million licensing agreement with Merck based out of Whitestation, New Jersey for Vernakalant, an investigational drug for treatment of atrial ibrillation. The agreement provides Merck with exclusive global rights to the oral formulation of vernakalant (vernakalant [oral]) for maintaining of normal heart rhythm in patients [...]
