RMC Chartered Professional Accountants LLP

12/25/2025

Merry Christmas everyone! 💕❤️

11/18/2025

TaxTips.ca - Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) contribution rates for employers, employees and self-employed persons

11/11/2025

TaxTips.ca - A Personal Services Business is not eligible for the small business deduction, and for tax years beginning after October 31, 2011, may also not be allowed the 10% general tax reduction.

10/22/2025

Great news for employees in BC!

We all know someone who’s faced a life-changing illness like cancer, heart disease, Parkinson’s, or MS. A serious medical diagnosis like these can change everything. People need time to focus on their health, without worrying about losing their job.

That’s why BC is proposing changes to the Employment Standards Act to support workers during tough times. If passed, workers will be able to take up to 27 weeks of unpaid, job-protected leave within a year if they’re dealing with a serious illness or injury.

The leave doesn’t have to be taken all at once—it can be split into multiple periods to support treatment and recovery, with a certificate from a doctor or nurse practitioner.

This is separate from the existing 5 paid sick days and 3 unpaid days already available, bringing BC in line with federal Employment Insurance sickness benefits so workers can access resources to help with treatment and recovery.

10/08/2025

With more and more CRA services moving online along with Canada Post strikes - Having access to your CRA accounts is becoming crucial more than ever. We encourage everyone to gain access to their personal as well as business accounts. 😊

We’re making it easier to regain access to your CRA account if you’ve been locked out, or have forgotten your login info. For more on how we’re expanding our digital services: https://ow.ly/KkLi50X5bKS

[Image description: A green lock icon inside a green diamond with text that reads “I’m locked out of my account.” More text below reads “As of October 20th, existing CRA account users will be able to unlock their account without calling us.” Abstract green lines surround it.]

10/08/2025

If you work in construction industry this will interest you!

Today, BC introduced new legislation to make sure people in construction get paid on time for the work they do.

Late payments have been a long-standing issue in construction — especially for small businesses and tradespeople.

The new Prompt Payment legislation is designed to fix that. Here’s how it works:
• Once a construction invoice is submitted, owners will generally have 28 days to pay.
Contractors are then required to pay their subcontractors within 7 days of receiving payment.
• If there’s a dispute? It goes to an independent adjudicator — not the courts — and gets sorted out in weeks, not months.
• Decisions are binding and if payment doesn’t come through, work can be paused until it does.

By improving cash flow and stability in one of BC’s largest industries, this change helps keep housing, schools, hospitals, and infrastructure projects on track — supporting good jobs, stronger businesses, and a growing economy.

09/27/2025

The tax agency is losing touch with reality

09/05/2025

📅 Haven’t done taxes for a previous year? You can still do them!

You could get a refund, as well as benefit and credit payments.

Here’s how to get started ➡️ https://ow.ly/LotH50WQm6E

[Image description: A person sitting on a couch holds a tablet while another person leans over. The second person is holding papers. A turquoise diamond shape frames them.]

08/19/2025

Today, Minister Champagne released for consultation draft legislative proposals that would implement a range of previously announced and other tax measures, including measures that would:

✅ Expand what qualifies as an eligible small business corporation share

✅ Add a $10 million capital gains exemption for qualifying sales of businesses to worker co-ops

✅ Enhance the reporting requirements for non-profit organizations

✅ Implement the OECD’s Crypto-Asset Reporting Framework

✅ Provide the Canada Revenue Agency with enhanced audit powers

For other draft measures and more details: https://ow.ly/soAF50WGOaO