When Should I File my Corporate Income Taxes in BC?
The end of the year is fast approaching and that means that tax season will be starting up shortly after the new year begins. With a new tax year on the horizon, when is the best time to file your corporate income tax? Ordinarily corporate income tax is due no later than 6 months following […]
What Is Involved in a Forensic Audit of a Charity?
With charity-scandals so often grabbing the headlines as of late, many people are wondering what measures are used to keep charitable organizations from being misused or abused. Each year, the Canada Revenue Agency audits approximately one percent of registered charities. This may take the form of a field audit at the charity’s location, or an […]
What Financial Help Can I Get in BC Because of COVID-19?
Canadian government both provincial and federal are putting in place several different types of financial help for citizens during the current COVID-19 pandemic. The financial help becoming available is changing and increasing rapidly. These are the benefits available as of March 31, 2020, that we are aware of. Provincial (British Columbia): 1. BC Emergency Benefit […]
What Do I Need To Prepare My GST?
Most businesses, sooner or later, will have to prepare a GST return for Revenue Canada. It’s not terribly difficult, and we’ll go over the important parts with you. Here are some of the most important parts about preparing to pay GST: Keep good records This is true for all accounting purposes, but it’s especially helpful […]
What Tax Credits Can I Claim in Canada?
Tax credits are amounts that you can claim against your taxable income to reduce your taxable income. In Canada, there are two types of tax credits: refundable and non-refundable. Refundable tax credits are tax credits that you can claim whether you have any taxable income or not. That means that the Canada Revenue Agency will […]
Tracking Your Expenses for a Business Trip: Which Receipts Should You Save?
Tracking Your Expenses for a Business Trip: Which Receipts Should You Save? Whether you are on business trips every week, or are about to embark on your first trip ever, one of the most common question is which receipts to save when tracking your business expenses. When doing business taxes, there are many write-offs […]
