2 ways you could be affected in 2014.

Tax rate on dividends is going up.  If you have investements that produce income by way of dividends or if you receive profit sharing from a Company by way of dividends you will be affected.  Depending on your tax bracket - if could cost you 4% in 2014.  Do you own a company?  Might be wise to take a little extra out before the end of 2013!

In BC there is a new "temporary" tax bracket coming in for 2014 and 2015 for individuals making over $150,000.  Your new tax bracket is 45.8%.  More important than ever to get your net income below the $150,000 for at least the next 2 years.  Talk to your accountant.

If your business is eligible to claim HST input tax credits, I recommend that any large purchases you are planning are made before April 1, 2013.

This will allow you to claim the entire 12% as an input tax credit, where after April 1, 2013 only the 5% GST can be claimed.

BC is returning to PST April 1, 2013.  Do you need to register?  Do you need an exemption number?  How is it going to be different from HST and the old PST pre July 1, 2010?

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