What Happens If I Forgot to Do My “Speculation and Vacancy Tax” Declaration?
All residential real estate owners have to file a speculation and vacancy tax declaration form every year to inform the local government that they do indeed live in their BC homes. Due to a large number of foreign home buyers, the government has set up this declaration to ensure that there are fewer empty homes […]
Best Methods to Calculate Your GST
Once a business or self-employed contractor exceeds its small supplier status, they have to collect and pay GST. The amount that is collected and remitted will depend on a few factors. It is essential to keep track of input tax credits and the amount of GST collected. These figures are needed to calculate the amount […]
Financial Planning Essentials for Small Business Success
A strong financial plan is one of the most important tools a small business owner can have. It helps you stay organized, prepare for growth, and make confident decisions. Without it, even a profitable business can run into serious trouble. So, whether you’re just starting out or have been in business for years, following these […]
Business Bookkeeping Tips for Small Business Owners in Port Moody
Small business owners in Port Moody wear many hats, and bookkeeping is often one of the most difficult to manage. Between running operations, serving clients, and growing your brand, it’s easy to let receipts pile up or lose track of your cash flow. But in Canada, proper bookkeeping a legal necessity that cannot be overlooked […]
Navigating Tax Preparation for Personal and Business Finances in Greater Vancouver
If you are filing as an individual or managing a small business, tax preparation can quickly become overwhelming. Between shifting CRA rules, multiple deadlines, and the risk of missing key deductions, many people across Greater Vancouver and Port Moody find tax season more stressful than it needs to be. The good news is it doesn’t […]
6 Canadian Business Bookkeeping Best Practices for 2025
Bookkeeping isn’t the most glamorous part of running a business—but it’s the backbone. And in 2025, with tax rules tightening and CRA scrutiny growing, Canadian businesses can’t afford to wing it. To help you prepare for the 2025 tax year, here’s a no-fluff breakdown of bookkeeping practices Canadian businesses should adopt, and why they matter. […]
