Who Has to Pay Installments on Taxes?
Paying installments on taxes can seem like a complicated task. People are often unsure of how much they have to pay or when they have to pay. Understanding the nuances of tax installments will keep your business prepared and on top of payments. This article will touch on some of the basics of paying tax […]
Will Any Pandemic Tax Benefits Be Continued in 2022?
The Covid-19 pandemic continues to make life difficult for individuals, families, and businesses. As we are currently in another lockdown, both businesses and individuals are looking at potential pandemic tax benefits for the year. The Canadian government has adjusted many of its Covid-19 policies for the 2022 year. Read this article to find what pandemic […]
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 […]
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 […]
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 […]
