The provincial government is increasing the threshold for the small business tax rate. The rate had been limited to businesses with less than $15 million in taxable capital. That is being increased to $50 million.
The changes will apply to taxation years that began on or after April 7 of this year. The shift aligns BC with the federal government and will particularity benefit businesses that are capital intensive.
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6/2/2023 12:01:07 am
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