Anyone thinking of owning or selling property in BC should know about this! In recent years, like much of the rest of Canada, British Columbia has been grappling with a growing housing crisis, marked by increasingly unaffordable housing prices. Finding affordable...
As part of the changes enacted to capital gains inclusion rates, the Canadian government has introduced a new tax incentive for entrepreneurs who sell their businesses. But wait – it starts becoming available on January 1, 2025. What is the Canadian...
If you’re a resident of one country, and you have income from a source in the other country, then the answer is … it depends. Like so many things in life, the answer depends on your specific facts – who you are, what your tax profile is, and what you...
It’s a song title… people say it to each other in the heat of the moment… and bookkeepers and accountants say it to their clients. Unfortunately, the last statement is not always accurate. Most of the time, we are so busy staying on top of our daily...
We all know and understand that up-to-date books are important. So are tax returns filed on time and filed correctly. Up to date books provide a great way to measure your past performance. Properly filed tax returns keep you in good standing (and out of trouble)....
One of our most common questions. Like most good things in life, the answer is “well, it depends”. It depends on what type of business you are operating. It depends on what is commercially reasonable in your particular circumstances. It depends on who the...
