What Tax Changes are in Store for Small Businesses?
What Tax Changes Brought 2019 for Small Businesses? It seems every year brings about new tax changes, and 2019 was no exception. The 2019 taxes for small business came with some changes. Some were good, such as the reduction on the federal small business tax rate, others not so much for instance the CPP changes […]
As a Non-Resident, What Taxes Should I Pay on my Canadian Rental Property Income?
As a Non-Resident, What Taxes Should I Pay on my Canadian Rental Property Income? If you are a non-resident of Canada, but own a rental property and generate Canadian rental income in Canada, you might be confused about what your tax requirements are. Non-residents tax obligations can be confusing, so read on to see what […]
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 […]
Can I Claim the Exception for the Speculation & Vacancy Tax?
British Columbia’s new Speculation and Vacancy tax is an annual tax for owners of residential property in certain taxable regions of B.C. The main idea behind this new BC tax is to discourage housing speculation and encourage owners of vacant houses to make these properties available for rental. Thankfully, the BC NDP government has claimed […]
Retiring in the Next 5 Years? Here is What you Need to Know.
Are you approaching retirement age? Retirement is a milestone that many of us will spend years working and saving toward. A time when we can finally sit back and enjoy the fruits and hard work of our lives. If you are planning on retiring in the next 5 years, here are some things that you […]
Are You Ready for the Tax Season?
Are You Ready for the Tax Season? Many people wait until the last couple of weeks to scramble and get their tax information ready before it is due on April 30th. Set yourself a goal to get ahead of the tax season. Staying ahead of the game and having everything organized can help you to […]
