1 11, 2018

When to Incorporate Your BC Business

By |2019-11-14T20:02:53+00:00November 1st, 2018|resource|0 Comments

Naicker Sept 2018

When to incorporate your BC business

 

As small businesses grow and develop, the owner(s) will start to contemplate incorporating their business. They have heard about the benefits or doing such a thing but may have many questions before they begin.

 

The first question is always this: […]

18 10, 2018

Financial Planning for New Parents

By |2019-11-14T20:03:03+00:00October 18th, 2018|resource|0 Comments

Naicker Aug 2018

Financial planning for new parents

 

Becoming a new parent is an exciting and stressful time for anyone. With a new baby in the house, there are so many changes and adjustments that need to be made to the daily routine and it may seem overwhelming. […]

15 08, 2018

What’s a TSFA account?

By |2019-11-14T20:03:18+00:00August 15th, 2018|resource|0 Comments

A TSFA account (Tax-free Savings Account) is a government-sponsored investment account that was introduced in 2009 as a way to encourage Canadians to save for their retirements. For many people, a TSFA is a simple, little bank account where you can store away some money and not pay any taxes on it. You collect the […]

27 07, 2018

Top Considerations for Small Business Financial Planning

By |2019-11-14T20:03:28+00:00July 27th, 2018|resource|0 Comments

Small business owners have many things to consider when running a successful company. They have to deal with overhead, staffing, marketing, and the general day-to-day operations. There are a lot of tasks and they end up wearing many different hats to succeed.

Financial planning isn’t something they should try to do by themselves. With so many […]

16 07, 2018

Tips on tracking business expenses

By |2019-11-14T20:03:35+00:00July 16th, 2018|resource|0 Comments

Even though tax season is a distant memory, business owners all over the Lower Mainland should be saying the same thing: “I need to start tracking my business expenses better than last year.”

If you’ve ever lost a business receipt, or spent far too much time trying to track down your credit card charges, here are […]

25 05, 2018

What you should know about rental property tax deductions in BC

By |2019-11-14T20:03:48+00:00May 25th, 2018|resource|0 Comments

If you are renting property in British Columbia, whether that is a separate property or one or more rooms in your home, there are many expenses that can be deducted when doing your personal tax planning and calculating your rental income.

Some of the basic expenses you can claim are:
•    Mortgage interest
•    Property taxes
•    Utility costs
•   […]

26 03, 2018

Primary Types of Financial Planning

By |2019-11-14T20:03:57+00:00March 26th, 2018|resource|0 Comments

Financial planning is a critical service offered by accountants for both business and personal clients. Making an effective financial plan can help set goals and get the client ready for the future. Here are the three primary types of financial planning:

Short-term
This is the financial plan that sets out the goals and strategies for the next […]

26 02, 2018

Gearing up your small business for 2017 tax season

By |2019-11-14T20:04:03+00:00February 26th, 2018|resource|0 Comments

The new tax year has arrived, which means that it’s time to get ready to produce everything necessary for the 2017 tax season. For small business owners, this can be an incredibly stressful time of year. With April looking in the future, here are a few ways your small business can gear up for the […]

15 02, 2018

Income splitting through an incorporated business

By |2019-11-14T20:04:10+00:00February 15th, 2018|resource|0 Comments

Tax brackets are one of the simplest things to understand when figuring out your tax bill. Very simply, tax is accessed based on your income, and the highest your salary, the more tax you pay.

So let’s say that a husband and wife are making $200,000 per year, collectively. If one person is making $150,000 and […]