Mr. Ling and Mr. Gibson are neighbours living in BC.  Since their personal taxable incomes are about $80,000, their marginal income tax rate is 30%.  They own and operate their own businesses and their corporate income tax rate is 11.0%. Continue reading →

Accounting is the language of business in the sense that it is used to: identify, record, and report the transactions of a business. A business may be in the form of a proprietorship, partnership, or a corporation. Each business organizationContinue reading →